Analysts Expect US Concrete Inc (USCR) Will Post Earnings of $0.90 Per Share

Brokerages predict that US Concrete Inc (NASDAQ:USCR) will announce $0.90 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for US Concrete’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.86. US Concrete reported earnings of $0.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The firm is scheduled to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that US Concrete will report full-year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.46. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.74 per share, with EPS estimates ranging from $4.60 to $4.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for US Concrete.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The firm had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. US Concrete had a return on equity of 22.33% and a net margin of 0.99%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS.

USCR has been the topic of several recent research reports. Zacks Investment Research downgraded US Concrete from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub raised US Concrete from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. DA Davidson reaffirmed a “buy” rating on shares of US Concrete in a report on Monday, December 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 target price on shares of US Concrete in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $89.00.

In other news, COO Ronnie A. Pruitt sold 500 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $80.20, for a total value of $40,100.00. Following the transaction, the chief operating officer now directly owns 18,156 shares of the company’s stock, valued at approximately $1,456,111.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $82.91, for a total value of $746,190.00. Following the completion of the transaction, the chief executive officer now directly owns 410,611 shares in the company, valued at $34,043,758.01. The disclosure for this sale can be found here. Insiders sold a total of 76,634 shares of company stock worth $6,253,144 over the last three months. 5.90% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its stake in US Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after buying an additional 177 shares during the period. Pinebridge Investments L.P. raised its stake in US Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after buying an additional 53 shares during the period. Aperio Group LLC acquired a new position in US Concrete during the 3rd quarter worth approximately $210,000. Commonwealth Equity Services Inc acquired a new position in US Concrete during the 3rd quarter worth approximately $217,000. Finally, Stevens Capital Management LP acquired a new position in US Concrete during the 2nd quarter worth approximately $225,000.

Shares of US Concrete (NASDAQ:USCR) traded up $0.65 during mid-day trading on Monday, reaching $78.90. The company had a trading volume of 224,500 shares, compared to its average volume of 306,577. The company has a market cap of $1,330.00, a price-to-earnings ratio of 105.20, a P/E/G ratio of 1.77 and a beta of 1.31. US Concrete has a twelve month low of $57.95 and a twelve month high of $86.35. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12.

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US Concrete Company Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

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