Q4 2017 EPS Estimates for Valmont Industries, Inc. (VMI) Decreased by Analyst
Valmont Industries, Inc. (NYSE:VMI) – Analysts at William Blair lowered their Q4 2017 earnings per share estimates for Valmont Industries in a research report issued to clients and investors on Monday. William Blair analyst B. Drab now expects that the industrial products company will post earnings per share of $1.67 for the quarter, down from their previous estimate of $1.72. William Blair also issued estimates for Valmont Industries’ Q1 2018 earnings at $1.78 EPS, Q2 2018 earnings at $2.22 EPS, Q3 2018 earnings at $1.89 EPS, Q4 2018 earnings at $2.03 EPS and FY2018 earnings at $7.93 EPS.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The business had revenue of $680.78 million for the quarter, compared to the consensus estimate of $652.65 million. During the same period in the prior year, the business posted $1.48 earnings per share. Valmont Industries’s revenue was up 11.6% on a year-over-year basis.
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Other research analysts have also recently issued reports about the company. Boenning Scattergood reiterated a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 price objective on shares of Valmont Industries in a report on Friday, July 14th. BidaskClub cut Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Seaport Global Securities assumed coverage on Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities 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 presently has an average rating of “Buy” and a consensus target price of $176.50.
Shares of Valmont Industries (NYSE VMI) opened at 159.00 on Tuesday. The company’s 50 day moving average price is $155.49 and its 200-day moving average price is $151.44. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 19.70 and a beta of 0.99. Valmont Industries has a 52 week low of $121.05 and a 52 week high of $165.20.
A number of large investors have recently added to or reduced their stakes in VMI. Global X Management Co. LLC lifted its stake 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 worth $108,000 after purchasing an additional 495 shares in the last quarter. Riverhead Capital Management LLC lifted its stake 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 worth $194,000 after purchasing an additional 599 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake 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 worth $200,000 after purchasing an additional 8 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Valmont Industries during the second quarter worth $212,000. Finally, Verity Asset Management Inc. lifted its stake in Valmont Industries by 8.1% during the second 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 in the last quarter. Institutional investors own 83.70% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is 17.90%.
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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