Valmont Industries, Inc. Forecasted to Earn Q3 2017 Earnings of $1.55 Per Share (VMI)
Valmont Industries, Inc. (NYSE:VMI) – Research analysts at Seaport Global Securities issued their Q3 2017 earnings per share estimates for shares of Valmont Industries in a report released on Wednesday. Seaport Global Securities analyst M. Shlisky anticipates that the industrial products company will post earnings per share of $1.55 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $160.00 target price on the stock. Seaport Global Securities also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.81 EPS, FY2017 earnings at $7.08 EPS, Q1 2018 earnings at $1.87 EPS, Q2 2018 earnings at $2.10 EPS, Q3 2018 earnings at $1.87 EPS, Q4 2018 earnings at $2.27 EPS, FY2018 earnings at $8.12 EPS and FY2019 earnings at $9.12 EPS.
Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The firm had revenue of $712.70 million for the quarter, compared to analyst estimates of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share.
A number of other research firms also recently issued reports on VMI. BidaskClub upgraded Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Friday, May 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Valmont Industries has a consensus rating of “Hold” and a consensus target price of $165.33.
Shares of Valmont Industries (NYSE:VMI) opened at 145.20 on Friday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 17.99 and a beta of 0.98. The firm has a 50 day moving average price of $149.17 and a 200 day moving average price of $150.77. Valmont Industries has a 52 week low of $120.65 and a 52 week high of $165.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VMI. Global X Management Co. LLC lifted its position in Valmont Industries by 220.0% during the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 495 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 599 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Valmont Industries by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 8 shares in the last quarter. Gofen & Glossberg LLC IL purchased a new position in Valmont Industries during the first quarter valued at $205,000. Finally, Timber Hill LLC purchased a new position in Valmont Industries during the first quarter valued at $209,000. Institutional investors own 83.98% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.03%. Valmont Industries’s dividend payout ratio (DPR) is currently 18.59%.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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