Valmont Industries, Inc. (NYSE:VMI) will be issuing its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.61 per share for the quarter.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts expect Valmont Industries to post $7.09 EPS for the current fiscal year and $7.98 EPS for the next fiscal year.

Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 159.85 on Wednesday. The stock’s 50 day moving average is $151.64 and its 200 day moving average is $151.04. The firm has a market cap of $3.61 billion, a P/E ratio of 19.80 and a beta of 0.99. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 28th. Valmont Industries’s dividend payout ratio is presently 18.59%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a research report on Friday, July 14th. Finally, Seaport Global Securities assumed coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $165.50.

About Valmont Industries

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.

Earnings History for Valmont Industries (NYSE:VMI)

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