Valmont Industries Inc. (VMI) to Release Quarterly Earnings on Thursday
Valmont Industries Inc. (NYSE:VMI) will release its Q316 earnings data on Thursday, October 20th. Analysts expect Valmont Industries to post earnings of $1.49 per share and revenue of $625.90 million for the quarter.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The company had revenue of $640.20 million for the quarter, compared to the consensus estimate of $648.54 million. Valmont Industries had a return on equity of 13.91% and a net margin of 2.26%. Valmont Industries’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 EPS. On average, analysts expect Valmont Industries to post $6.33 EPS for the current fiscal year and $6.99 EPS for the next fiscal year.
Valmont Industries Inc. (NYSE:VMI) opened at 129.35 on Wednesday. The company has a market cap of $2.93 billion, a P/E ratio of 52.60 and a beta of 0.97. The stock’s 50 day moving average price is $130.04 and its 200-day moving average price is $131.89. Valmont Industries Inc. has a 52-week low of $96.50 and a 52-week high of $145.94.
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The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, September 28th. Valmont Industries’s dividend payout ratio is presently 60.48%.
In other news, Director Clark T. Jr. Randt sold 381 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $130.10, for a total transaction of $49,568.10. Following the completion of the transaction, the director now directly owns 6,979 shares of the company’s stock, valued at approximately $907,967.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Jefferies Group LLC acquired a new position in shares of Valmont Industries during the second quarter worth about $218,000. Paloma Partners Management Co purchased a new position in Valmont Industries during the second quarter valued at $243,000. Reliance Trust Co. of Delaware increased its position in Valmont Industries by 7.4% in the second quarter. Reliance Trust Co. of Delaware now owns 2,626 shares of the company’s stock valued at $355,000 after buying an additional 181 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Valmont Industries during the second quarter valued at $367,000. Finally, Hsbc Holdings PLC increased its position in Valmont Industries by 1.1% in the second quarter. Hsbc Holdings PLC now owns 3,014 shares of the company’s stock valued at $407,000 after buying an additional 33 shares during the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Valmont Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. TheStreet lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Valmont Industries in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $124.67.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products. The Company’s Engineered Support Structures segment manufactures and distributes engineered metal and composite structures and components for global lighting and traffic, wireless communication, and roadway safety. The Utility Support Structures segment manufactures engineered steel and concrete structures for the utility industry.
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