Zacks: Analysts Expect Vulcan Materials Company (VMC) Will Post Earnings of $1.27 Per Share
Equities analysts expect Vulcan Materials Company (NYSE:VMC) to announce earnings of $1.27 per share for the current quarter, Zacks reports. Three analysts have made estimates for Vulcan Materials’ earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.01. Vulcan Materials reported earnings per share of $1.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.7%. The business is expected to issue its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Vulcan Materials will report full-year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.15 to $4.06. For the next year, analysts anticipate that the firm will post earnings of $5.06 per share, with EPS estimates ranging from $4.50 to $5.29. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 7.7% on a year-over-year basis.
VMC has been the topic of several recent research reports. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus increased their price objective on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $139.67.
Shares of Vulcan Materials (NYSE VMC) opened at 120.82 on Tuesday. Vulcan Materials has a 12-month low of $105.71 and a 12-month high of $138.18. The stock’s 50 day moving average price is $127.26 and its 200 day moving average price is $124.16. The company has a market capitalization of $16.00 billion, a PE ratio of 38.90 and a beta of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s dividend payout ratio is currently 32.36%.
In other news, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the sale, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 5,292 shares in the company, valued at $698,544. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,743 shares of company stock worth $876,515. Corporate insiders own 0.89% of the company’s stock.
Large investors have recently modified their holdings of the company. Boston Advisors LLC raised its stake in shares of Vulcan Materials by 40.7% in the first quarter. Boston Advisors LLC now owns 11,447 shares of the construction company’s stock worth $1,379,000 after buying an additional 3,310 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Vulcan Materials by 18.2% in the first quarter. DnB Asset Management AS now owns 14,317 shares of the construction company’s stock worth $1,725,000 after buying an additional 2,200 shares in the last quarter. Harvey Capital Management Inc. raised its stake in shares of Vulcan Materials by 228.4% in the first quarter. Harvey Capital Management Inc. now owns 30,865 shares of the construction company’s stock worth $3,718,000 after buying an additional 21,465 shares in the last quarter. Howard Capital Management raised its stake in shares of Vulcan Materials by 2.9% in the first quarter. Howard Capital Management now owns 71,227 shares of the construction company’s stock worth $8,581,000 after buying an additional 2,001 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Vulcan Materials during the first quarter worth $328,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Vulcan Materials Company Profile
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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