Vulcan Materials (VMC) Expected to Announce Quarterly Sales of $936.65 Million

Brokerages expect that Vulcan Materials (NYSE:VMC) will post $936.65 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Vulcan Materials’ earnings. The highest sales estimate is $942.90 million and the lowest is $922.90 million. Vulcan Materials posted sales of $872.98 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is expected to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Vulcan Materials will report full-year sales of $936.65 million for the current fiscal year, with estimates ranging from $3.84 billion to $3.86 billion. For the next year, analysts anticipate that the firm will report sales of $4.21 billion per share, with estimates ranging from $4.19 billion to $4.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Vulcan Materials.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year.

A number of research firms recently issued reports on VMC. Stephens reissued a “buy” rating and set a $158.00 price target on shares of Vulcan Materials in a report on Wednesday. Barclays began coverage on Vulcan Materials in a report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price target on the stock. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 12th. Citigroup reaffirmed a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $142.13.

Vulcan Materials (NYSE:VMC) opened at $134.29 on Thursday. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $136.82. The stock has a market capitalization of $17,760.00, a PE ratio of 45.83, a P/E/G ratio of 1.91 and a beta of 0.87.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s dividend payout ratio is presently 34.13%.

A number of institutional investors and hedge funds have recently made changes to their positions in VMC. Westpac Banking Corp boosted its holdings in Vulcan Materials by 209.8% in the 2nd quarter. Westpac Banking Corp now owns 24,467 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 16,570 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Vulcan Materials by 29.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,661 shares of the construction company’s stock worth $464,000 after acquiring an additional 831 shares in the last quarter. Bienville Capital Management LLC boosted its stake in shares of Vulcan Materials by 4.3% during the 2nd quarter. Bienville Capital Management LLC now owns 4,900 shares of the construction company’s stock worth $621,000 after acquiring an additional 200 shares in the last quarter. Gareth Morgan Investments Limited Partnership boosted its stake in shares of Vulcan Materials by 8.9% during the 2nd quarter. Gareth Morgan Investments Limited Partnership now owns 53,426 shares of the construction company’s stock worth $6,768,000 after acquiring an additional 4,378 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $620,000. 89.02% of the stock is currently owned by institutional investors.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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