U S Concrete, Inc. (USCR) to Release Earnings on Wednesday
U S Concrete, Inc. (NASDAQ:USCR) will be releasing its earnings data on Wednesday, August 2nd. Analysts expect U S Concrete to post earnings of $0.84 per share for the quarter.
U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Thursday, May 4th. The construction company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.44. U S Concrete had a net margin of 2.11% and a return on equity of 24.23%. The business had revenue of $299.10 million during the quarter, compared to analyst estimates of $274.88 million. During the same period in the previous year, the business earned $0.31 EPS. U S Concrete’s revenue was up 22.1% compared to the same quarter last year. On average, analysts expect U S Concrete to post $3.82 EPS for the current fiscal year and $4.98 EPS for the next fiscal year.
U S Concrete, Inc. (USCR) opened at 77.65 on Wednesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 49.87 and a beta of 1.24. The company has a 50-day moving average of $75.44 and a 200-day moving average of $67.68. U S Concrete, Inc. has a 1-year low of $42.82 and a 1-year high of $80.45.
Several research firms have weighed in on USCR. BidaskClub downgraded shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, TheStreet upgraded shares of U S Concrete from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. U S Concrete has a consensus rating of “Buy” and an average price target of $78.00.
In other news, VP Jeffrey W. Roberts sold 2,394 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $68.00, for a total transaction of $162,792.00. Following the sale, the vice president now directly owns 34,422 shares in the company, valued at approximately $2,340,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $78.91, for a total transaction of $512,915.00. Following the sale, the chief executive officer now owns 434,069 shares in the company, valued at $34,252,384.79. The disclosure for this sale can be found here. Insiders sold 16,344 shares of company stock worth $1,188,718 over the last quarter. Insiders own 5.90% of the company’s stock.
U S Concrete Company Profile
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
Receive News & Ratings for U S Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U S Concrete Inc. and related companies with MarketBeat.com's FREE daily email newsletter.