$1.27 EPS Expected for Vulcan Materials Company (NYSE:VMC) This Quarter
Wall Street brokerages expect Vulcan Materials Company (NYSE:VMC) to post earnings per share (EPS) of $1.27 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vulcan Materials’ earnings. The lowest EPS estimate is $1.16 and the highest is $1.36. Vulcan Materials posted earnings of $0.90 per share in the same quarter last year, which would suggest a positive year over year growth rate of 41.1%. The company is expected to report its next earnings report on Monday, August 7th.
On average, analysts expect that Vulcan Materials will report full-year earnings of $4.12 per share for the current year, with EPS estimates ranging from $3.81 to $4.35. For the next financial year, analysts forecast that the business will report earnings of $5.55 per share, with EPS estimates ranging from $5.00 to $6.35. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The business had revenue of $787 million for the quarter, compared to the consensus estimate of $743.79 million. During the same period last year, the business posted $0.26 EPS. The company’s revenue was up 4.3% compared to the same quarter last year.
A number of equities analysts have recently issued reports on VMC shares. Argus upped their price target on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Citigroup Inc reaffirmed a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Zacks Investment Research raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Vulcan Materials currently has a consensus rating of “Hold” and an average target price of $138.60.
Shares of Vulcan Materials (VMC) traded down 1.32% during mid-day trading on Tuesday, reaching $123.03. The company’s stock had a trading volume of 836,069 shares. Vulcan Materials has a one year low of $105.71 and a one year high of $138.18. The firm’s 50 day moving average is $128.18 and its 200 day moving average is $124.08. The firm has a market cap of $16.26 billion, a PE ratio of 39.36 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s payout ratio is 32.15%.
In related news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the transaction, the general counsel now directly owns 5,292 shares of the company’s stock, valued at approximately $698,544. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,743 shares of company stock worth $876,515. 0.89% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after buying an additional 7,799,158 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Vulcan Materials during the first quarter valued at approximately $138,381,000. Marshall Wace North America L.P. acquired a new stake in Vulcan Materials during the first quarter valued at approximately $138,381,000. Point72 Asset Management L.P. raised its stake in Vulcan Materials by 226.1% in the first quarter. Point72 Asset Management L.P. now owns 950,200 shares of the construction company’s stock valued at $114,480,000 after buying an additional 658,800 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vulcan Materials by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock valued at $559,872,000 after buying an additional 443,701 shares during the last quarter. 86.01% of the stock is currently owned by institutional investors.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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