Equities research analysts expect Valmont Industries, Inc. (NYSE:VMI) to report $716.58 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Valmont Industries’ earnings. The lowest sales estimate is $695.88 million and the highest is $747.80 million. Valmont Industries posted sales of $674.58 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is expected to announce its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Valmont Industries will report full year sales of $716.58 million for the current year, with estimates ranging from $2.73 billion to $2.78 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.85 billion per share, with estimates ranging from $2.77 billion to $2.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Valmont Industries.

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

Several equities research analysts have weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $183.00 price objective on shares of Valmont Industries in a research report on Tuesday, October 17th. Boenning Scattergood restated a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $176.00.

Shares of Valmont Industries (VMI) opened at $169.55 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. The firm has a market cap of $3,799.22, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Valmont Industries has a 1 year low of $138.30 and a 1 year high of $176.35.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, December 28th. Valmont Industries’s payout ratio is presently 17.90%.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its stake in shares of Valmont Industries by 85.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 599 shares during the last quarter. Gofen & Glossberg LLC IL bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $209,000. Trexquant Investment LP bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $252,000. Balyasny Asset Management LLC bought a new position in shares of Valmont Industries in the 2nd quarter valued at about $246,000. Finally, Parametrica Management Ltd bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $268,000. Hedge funds and other institutional investors own 85.27% of the company’s stock.

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Valmont Industries Company Profile

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

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