Vulcan Materials Company (NYSE:VMC) Set to Announce Earnings on Monday
Vulcan Materials Company (NYSE:VMC) is set to post its quarterly earnings results before the market opens on Monday, July 31st. Analysts expect Vulcan Materials to post earnings of $1.25 per share for the quarter.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Vulcan Materials had a net margin of 11.61% and a return on equity of 8.80%. The firm had revenue of $787 million for the quarter, compared to the consensus estimate of $743.79 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect Vulcan Materials to post $4.12 EPS for the current fiscal year and $5.55 EPS for the next fiscal year.
Vulcan Materials Company (NYSE:VMC) opened at 126.19 on Monday. The firm has a market capitalization of $16.68 billion, a P/E ratio of 40.37 and a beta of 0.94. The firm has a 50 day moving average of $127.94 and a 200 day moving average of $124.16. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, August 21st. Vulcan Materials’s dividend payout ratio is presently 32.15%.
VMC has been the subject of several research analyst reports. Citigroup Inc. initiated coverage on Vulcan Materials in a research report on Wednesday, March 29th. They set a “buy” rating for the company. Argus raised their target price on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $138.60.
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In related news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at approximately $698,544. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The disclosure for this sale can be found here. In the last three months, insiders sold 6,743 shares of company stock valued at $876,515. 0.89% of the stock is currently owned by insiders.
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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