Equities analysts expect Valmont Industries, Inc. (NYSE:VMI) to report sales of $731.67 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Valmont Industries’ earnings. The highest sales estimate is $735.40 million and the lowest is $729.00 million. Valmont Industries posted sales of $682.41 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is expected to issue its next quarterly earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Valmont Industries will report full-year sales of $2.95 billion for the current fiscal year, with estimates ranging from $2.94 billion to $2.96 billion. For the next year, analysts expect that the firm will post sales of $3.09 billion, with estimates ranging from $3.06 billion to $3.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Valmont Industries.
Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.17. The business had revenue of $692.10 million during the quarter, compared to analyst estimates of $683.66 million. Valmont Industries had a net margin of 3.33% and a return on equity of 14.70%. Valmont Industries’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 earnings per share.
A number of equities research analysts have recently weighed in on VMI shares. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. TheStreet upgraded shares of Valmont Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a report on Thursday, February 21st. Finally, Stifel Nicolaus upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $153.00 in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Valmont Industries currently has an average rating of “Hold” and a consensus price target of $153.00.
Shares of VMI opened at $121.55 on Thursday. The company has a market capitalization of $2.62 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.05. Valmont Industries has a fifty-two week low of $103.01 and a fifty-two week high of $157.15.
A number of large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC raised its holdings in Valmont Industries by 0.8% during the 1st quarter. Mason Street Advisors LLC now owns 11,668 shares of the industrial products company’s stock valued at $1,518,000 after buying an additional 98 shares during the last quarter. Commonwealth Bank of Australia increased its position in Valmont Industries by 3.7% during the 4th quarter. Commonwealth Bank of Australia now owns 2,800 shares of the industrial products company’s stock valued at $310,000 after purchasing an additional 100 shares during the period. Comerica Bank increased its position in Valmont Industries by 0.8% during the 4th quarter. Comerica Bank now owns 14,958 shares of the industrial products company’s stock valued at $1,886,000 after purchasing an additional 116 shares during the period. Great West Life Assurance Co. Can increased its position in Valmont Industries by 1.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 13,356 shares of the industrial products company’s stock valued at $1,375,000 after purchasing an additional 193 shares during the period. Finally, Fort L.P. purchased a new position in Valmont Industries during the 1st quarter valued at $26,000. Institutional investors own 86.75% of the company’s stock.
Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
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