U S Concrete, Inc. (NASDAQ:USCR) – Equities research analysts at DA Davidson boosted their FY2018 EPS estimates for shares of U S Concrete in a research report issued to clients and investors on Monday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $4.58 per share for the year, up from their prior estimate of $4.37. DA Davidson has a “Buy” rating on the stock.

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

Other research analysts have also issued research reports about the company. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price on shares of U S Concrete in a report on Thursday, September 28th. Zacks Investment Research lowered U S Concrete from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. BidaskClub raised U S Concrete from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup lifted their price objective on U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $89.00.

Shares of U S Concrete (NASDAQ:USCR) traded up $0.10 during trading on Wednesday, reaching $83.45. The company had a trading volume of 419,300 shares, compared to its average volume of 329,290. The stock has a market cap of $1,387.72, a P/E ratio of 28.06, a P/E/G ratio of 2.68 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. U S Concrete has a 1 year low of $57.95 and a 1 year high of $84.60.

Several institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in shares of U S Concrete by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after purchasing an additional 177 shares during the period. Pinebridge Investments L.P. grew its position in shares of 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. acquired a new position in shares of U S Concrete in the second quarter valued at approximately $196,000. ARP Americas LLC acquired a new position in shares of U S Concrete in the second quarter valued at approximately $212,000. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of U S Concrete in the second quarter valued at approximately $212,000.

In related news, Director Colin Mcgill Sutherland sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.28, for a total transaction of $116,592.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kurt Matthew Cellar sold 10,060 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.11, for a total value of $805,906.60. Following the transaction, the director now owns 40,081 shares of the company’s stock, valued at approximately $3,210,888.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,954 shares of company stock valued at $2,648,939 in the last 90 days. 5.90% of the stock is owned by corporate insiders.

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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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