Equities analysts expect that Valmont Industries, Inc. (NYSE:VMI) will post earnings per share (EPS) of $1.68 for the current quarter, according to Zacks. Five analysts have made estimates for Valmont Industries’ earnings, with estimates ranging from $1.66 to $1.72. Valmont Industries posted earnings per share of $1.61 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The firm is scheduled to issue its next earnings results on Tuesday, February 20th.

On average, analysts expect that Valmont Industries will report full-year earnings of $6.98 per share for the current financial year, with EPS estimates ranging from $6.95 to $7.00. For the next year, analysts expect that the business will post earnings of $7.89 per share, with EPS estimates ranging from $7.58 to $8.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Valmont Industries.

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

A number of analysts recently weighed in on VMI shares. Boenning Scattergood reaffirmed a “buy” rating and set a $185.00 price target on shares of Valmont Industries in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $183.00 price target on shares of Valmont Industries in a research report on Tuesday, October 17th. Seaport Global Securities started coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target for the company. Finally, BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Valmont Industries has a consensus rating of “Hold” and a consensus target price of $174.25.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of VMI. Janney Montgomery Scott LLC lifted its holdings 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 buying an additional 8 shares in the last quarter. Sei Investments Co. lifted its holdings in Valmont Industries by 53.2% in the 2nd quarter. Sei Investments Co. now owns 11,195 shares of the industrial products company’s stock worth $1,674,000 after buying an additional 3,886 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Valmont Industries by 12.9% in the 2nd quarter. TD Asset Management Inc. now owns 10,529 shares of the industrial products company’s stock worth $1,575,000 after buying an additional 1,200 shares in the last quarter. Global X Management Co. LLC lifted its holdings 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 buying an additional 495 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Valmont Industries by 21.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 83,134 shares of the industrial products company’s stock worth $12,437,000 after buying an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Shares of Valmont Industries (NYSE:VMI) traded down $0.40 during midday trading on Wednesday, hitting $163.20. 143,300 shares of the stock traded hands, compared to its average volume of 130,508. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. Valmont Industries has a one year low of $135.95 and a one year high of $176.35. The stock has a market cap of $3,698.62, a PE ratio of 23.85, a PEG ratio of 2.34 and a beta of 1.06.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.92%. Valmont Industries’s dividend payout ratio is currently 17.90%.

WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/13/1-68-earnings-per-share-expected-for-valmont-industries-inc-vmi-this-quarter.html.

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.

Get a free copy of the Zacks research report on Valmont Industries (VMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Valmont Industries (NYSE:VMI)

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