Valmont Industries, Inc. (NYSE:VMI) – Research analysts at DA Davidson decreased their FY2017 EPS estimates for shares of Valmont Industries in a research report issued on Thursday. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings per share of $6.95 for the year, down from their previous estimate of $7.06. DA Davidson also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.66 EPS, Q1 2018 earnings at $1.75 EPS, Q2 2018 earnings at $2.25 EPS, Q3 2018 earnings at $1.90 EPS, Q4 2018 earnings at $2.00 EPS, FY2018 earnings at $7.90 EPS and FY2019 earnings at $8.95 EPS.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.04). The business had revenue of $680.78 million during the quarter, compared to analysts’ expectations of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS.

ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/fy2017-eps-estimates-for-valmont-industries-inc-lowered-by-da-davidson-vmi.html.

Several other equities research analysts also recently issued reports on the company. Boenning Scattergood reissued an “outperform” rating on shares of Valmont Industries in a research note on Tuesday, September 5th. Seaport Global Securities started coverage on Valmont Industries in a research note on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price objective for the company. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $176.50.

Shares of Valmont Industries (NYSE:VMI) opened at 159.50 on Monday. Valmont Industries has a 12-month low of $121.05 and a 12-month high of $165.20. The firm has a 50-day moving average price of $155.09 and a 200 day moving average price of $151.42. The stock has a market cap of $3.60 billion, a PE ratio of 19.76 and a beta of 0.99.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, September 28th. Valmont Industries’s dividend payout ratio is currently 17.90%.

Institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC lifted its stake in Valmont Industries by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 495 shares in the last quarter. Riverhead Capital Management LLC increased its position in Valmont Industries by 85.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 599 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 8 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Valmont Industries in the 2nd quarter worth about $212,000. Finally, Verity Asset Management Inc. increased its position in Valmont Industries by 8.1% in the 2nd quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 119 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.