Valmont Industries (NYSE:VMI) is scheduled to post its quarterly earnings results after the market closes on Monday, February 19th. Analysts expect Valmont Industries to post earnings of $1.69 per share for the quarter.
Shares of Valmont Industries (NYSE:VMI) opened at $153.70 on Monday. Valmont Industries has a twelve month low of $140.90 and a twelve month high of $176.35. The stock has a market capitalization of $3,474.85, a PE ratio of 18.34, a P/E/G ratio of 1.91 and a beta of 0.98. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.50 annualized dividend and a yield of 0.98%. Valmont Industries’s payout ratio is presently 17.90%.
A number of brokerages have weighed in on VMI. Stifel Nicolaus reissued a “buy” rating and set a $183.00 price target on shares of Valmont Industries in a research report on Tuesday, October 17th. Boenning Scattergood reissued a “buy” rating and set a $185.00 price target on shares of Valmont Industries in a research report on Thursday, October 19th. Zacks Investment Research raised Valmont Industries from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, Seaport Global Securities downgraded Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Valmont Industries currently has a consensus rating of “Hold” and an average target price of $179.00.
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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