$1.68 Earnings Per Share Expected for Valmont Industries, Inc. (VMI) This Quarter
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.
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%.
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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.
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