U S Concrete, Inc. (NASDAQ:USCR) – Analysts at DA Davidson reduced their Q1 2018 earnings per share (EPS) estimates for U S Concrete in a research report issued to clients and investors on Monday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.66. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for U S Concrete’s Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.52 EPS, Q4 2018 earnings at $1.28 EPS and FY2019 earnings at $6.15 EPS.

U S Concrete (NASDAQ:USCR) last released its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.47). U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. The business had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. During the same quarter last year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year.

USCR has been the topic of several other research reports. ValuEngine lowered U S Concrete from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered U S Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. Finally, Citigroup raised their price target on U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $89.00.

Shares of U S Concrete (USCR) opened at $83.35 on Tuesday. U S Concrete has a 52-week low of $57.95 and a 52-week high of $83.85. The firm has a market capitalization of $1,333.61, a price-to-earnings ratio of 26.97, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in U S Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after purchasing an additional 177 shares during the last quarter. Pinebridge Investments L.P. grew its stake in U S Concrete by 2.8% in the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after purchasing an additional 53 shares during the last quarter. First Mercantile Trust Co. purchased a new position in U S Concrete in the second quarter valued at about $196,000. Aperio Group LLC purchased a new position in U S Concrete in the third quarter valued at about $210,000. Finally, ARP Americas LLC purchased a new position in U S Concrete in the second quarter valued at about $212,000.

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About U S Concrete

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.

Earnings History and Estimates for U S Concrete (NASDAQ:USCR)

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