Analysts Anticipate US Concrete Inc (USCR) to Announce $0.90 Earnings Per Share

Equities research analysts predict that US Concrete Inc (NASDAQ:USCR) will report $0.90 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for US Concrete’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.97. US Concrete reported earnings of $0.82 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The firm is scheduled to announce 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 financial year, analysts expect that the firm will report earnings of $4.74 per share, with EPS estimates ranging from $4.60 to $4.87. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow US Concrete.

Several research analysts have commented on USCR shares. DA Davidson reaffirmed a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Zacks Investment Research cut US Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut US Concrete from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, ValuEngine cut US Concrete from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $89.00.

Shares of US Concrete (USCR) traded down $2.10 during midday trading on Thursday, reaching $74.95. The company’s stock had a trading volume of 149,348 shares, compared to its average volume of 352,387. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35. The company has a market cap of $1,251.20, a P/E ratio of 105.49, a P/E/G ratio of 1.69 and a beta of 0.95. US Concrete has a 52 week low of $57.95 and a 52 week high of $86.35.

In related news, EVP Niel L. Poulsen sold 20,644 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.42, for a total transaction of $1,660,190.48. Following the completion of the transaction, the executive vice president now directly owns 16,665 shares of the company’s stock, valued at $1,340,199.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark Baker Peabody sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $77.40, for a total value of $77,400.00. Following the transaction, the vice president now directly owns 25,263 shares of the company’s stock, valued at $1,955,356.20. The disclosure for this sale can be found here. Insiders have sold 86,134 shares of company stock valued at $7,036,554 over the last three months. Insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in US Concrete by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock worth $143,428,000 after buying an additional 85,391 shares during the period. Bank of New York Mellon Corp lifted its position in shares of US Concrete by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 930,728 shares of the construction company’s stock worth $71,015,000 after buying an additional 27,548 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of US Concrete by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 793,426 shares of the construction company’s stock worth $62,323,000 after buying an additional 13,675 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of US Concrete by 52.4% during the 4th quarter. Victory Capital Management Inc. now owns 578,200 shares of the construction company’s stock worth $48,366,000 after buying an additional 198,680 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of US Concrete by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 565,727 shares of the construction company’s stock worth $43,165,000 after buying an additional 10,227 shares during the last quarter.

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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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