Wall Street analysts predict that US Concrete Inc (NASDAQ:USCR) will report $0.74 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for US Concrete’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.55. US Concrete reported earnings per share of $0.55 in the same quarter last year, which suggests a positive year-over-year growth rate of 34.5%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that US Concrete will report full-year earnings of $5.36 per share for the current year, with EPS estimates ranging from $4.84 to $5.66. For the next financial year, analysts expect that the company will post earnings of $6.90 per share, with EPS estimates ranging from $6.77 to $7.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for US Concrete.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Thursday, March 1st. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.27). The firm had revenue of $341.35 million during the quarter, compared to the consensus estimate of $354.33 million. US Concrete had a return on equity of 17.54% and a net margin of 1.91%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS.
In other news, VP Jeff L. Davis sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $82.41, for a total value of $988,920.00. Following the transaction, the vice president now owns 13,022 shares in the company, valued at $1,073,143.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ronnie A. Pruitt sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $83.15, for a total value of $41,575.00. Following the completion of the transaction, the chief operating officer now owns 17,656 shares in the company, valued at approximately $1,468,096.40. The disclosure for this sale can be found here. Insiders sold 64,460 shares of company stock worth $5,233,987 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. lifted its holdings in shares of US Concrete by 6.0% in the third quarter. American International Group Inc. now owns 12,041 shares of the construction company’s stock valued at $919,000 after purchasing an additional 678 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of US Concrete by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 21,877 shares of the construction company’s stock valued at $1,830,000 after purchasing an additional 700 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of US Concrete by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the construction company’s stock valued at $923,000 after purchasing an additional 786 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of US Concrete by 3.4% in the third quarter. Rhumbline Advisers now owns 29,394 shares of the construction company’s stock valued at $2,243,000 after purchasing an additional 960 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of US Concrete by 4.5% in the fourth quarter. Swiss National Bank now owns 25,700 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 1,100 shares in the last quarter.
US Concrete (NASDAQ:USCR) opened at $65.20 on Wednesday. The stock has a market capitalization of $1,090.00, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 2.21. US Concrete has a fifty-two week low of $58.75 and a fifty-two week high of $86.35.
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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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