Equities research analysts expect U S Concrete, Inc. (NASDAQ:USCR) to announce earnings per share of $1.46 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for U S Concrete’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.61. U S Concrete posted earnings of $1.19 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.7%. The business is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that U S Concrete will report full-year earnings of $4.08 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.14. For the next year, analysts anticipate that the company will report earnings of $5.29 per share, with EPS estimates ranging from $5.03 to $5.74. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for U S Concrete.

U S Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The firm had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Citigroup Inc. raised their target price on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, BidaskClub cut shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.50.

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In other U S Concrete news, VP David Andrew Behring sold 361 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the transaction, the vice president now owns 10,804 shares of the company’s stock, valued at $881,174.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the transaction, the chief executive officer now directly owns 412,091 shares in the company, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. Insiders sold 21,311 shares of company stock worth $1,643,874 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in USCR. Capstone Asset Management Co. raised its holdings in shares of U S Concrete by 8.7% during the first quarter. Capstone Asset Management Co. now owns 3,936 shares of the construction company’s stock valued at $254,000 after buying an additional 316 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of U S Concrete by 5.3% during the first quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the construction company’s stock valued at $387,000 after buying an additional 300 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of U S Concrete by 5.2% during the first quarter. State of Alaska Department of Revenue now owns 1,610 shares of the construction company’s stock valued at $103,000 after buying an additional 80 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of U S Concrete by 5.6% during the first quarter. Great West Life Assurance Co. Can now owns 20,514 shares of the construction company’s stock valued at $1,323,000 after buying an additional 1,097 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of U S Concrete by 20.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,876 shares of the construction company’s stock valued at $767,000 after buying an additional 1,991 shares during the last quarter.

U S Concrete (NASDAQ USCR) traded up 0.78% during mid-day trading on Friday, reaching $70.70. The company’s stock had a trading volume of 555,468 shares. The firm has a market capitalization of $1.11 billion, a PE ratio of 44.80 and a beta of 1.22. The stock’s 50-day moving average is $76.68 and its 200-day moving average is $71.20. U S Concrete has a 12 month low of $42.82 and a 12 month high of $83.85.

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.

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