Analysts Offer Predictions for Vulcan Materials’ Q1 2018 Earnings (VMC)
Vulcan Materials (NYSE:VMC) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings per share estimates for shares of Vulcan Materials in a note issued to investors on Wednesday. Jefferies Group analyst P. Ng now forecasts that the construction company will earn $0.45 per share for the quarter, up from their previous forecast of $0.41. Jefferies Group has a “Hold” rating and a $135.00 price objective on the stock. Jefferies Group also issued estimates for Vulcan Materials’ Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.56 EPS, Q4 2018 earnings at $1.09 EPS and FY2018 earnings at $4.44 EPS.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. Vulcan Materials’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share.
Shares of Vulcan Materials (VMC) opened at $134.58 on Thursday. The company has a market cap of $17,800.00, a PE ratio of 45.93, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Vulcan Materials has a fifty-two week low of $108.95 and a fifty-two week high of $136.82. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.
In other news, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Sun Life Financial INC increased its position in shares of Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after purchasing an additional 960 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Vulcan Materials in the second quarter worth approximately $187,000. FCA Corp TX bought a new position in shares of Vulcan Materials in the third quarter worth approximately $215,000. WINTON GROUP Ltd bought a new position in shares of Vulcan Materials in the second quarter worth approximately $218,000. Finally, LMR Partners LLP bought a new position in shares of Vulcan Materials in the third quarter worth approximately $220,000. 89.04% of the stock is currently owned by hedge funds and other institutional investors.
Vulcan Materials Company Profile
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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