Vulcan Materials (VMC) Announces Quarterly Results
Vulcan Materials (NYSE:VMC) issued its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.18, AmericanBankingNews.com reports. The company had revenue of $652.88 million for the quarter, compared to the consensus estimate of $655.15 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 28th. They now have a $69.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Vulcan Materials from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $71.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Vulcan Materials from a “sell” rating to a “neutral” rating in a research note to investors on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.14.
Shares of Vulcan Materials (NYSE:VMC) opened at 60.19 on Thursday. Vulcan Materials has a 52 week low of $45.42 and a 52 week high of $63.05. The stock has a 50-day moving average of $59.34 and a 200-day moving average of $53.95. The company has a market cap of $7.824 billion and a price-to-earnings ratio of 439.34.
Vulcan Materials Company is a producer of construction aggregates primarily crushed stone, sand, and gravel.
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