U S Concrete (USCR) Given News Sentiment Rating of 0.22
Media headlines about U S Concrete (NASDAQ:USCR) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. U S Concrete earned a news impact score of 0.22 on AlphaOne’s scale. AlphaOne also gave press coverage about the construction company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted AlphaOne Sentiment’s rankings:
- US Concrete : Safety Zone; Kosciuszko Bridge Construction, Newtown Creek, Brooklyn and Queens, NY (4-traders.com)
- As U.S. Concrete Breaks Out, This Other Building Stock May Be Next (finance.yahoo.com)
- ETFs with exposure to U.S. Concrete, Inc. : June 19, 2017 (finance.yahoo.com)
- GasLog Ltd. (NYSE:GLOG) vs. US Concrete, Inc. (NasdaqCM:USCR): A look inside the numbers – Evergreen Caller (evergreencaller.com)
- U.S. Concrete, Inc. :USCR-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 (finance.yahoo.com)
Shares of U S Concrete (NASDAQ:USCR) traded up 0.41% during mid-day trading on Tuesday, hitting $73.65. The stock had a trading volume of 103,242 shares. The company has a market cap of $1.14 billion, a PE ratio of 47.30 and a beta of 1.21. The stock has a 50 day moving average price of $68.55 and a 200-day moving average price of $65.31. U S Concrete has a 52-week low of $42.82 and a 52-week high of $74.45.
U S Concrete (NASDAQ:USCR) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.44. The business had revenue of $299.10 million for the quarter, compared to analysts’ expectations of $274.88 million. U S Concrete had a return on equity of 24.23% and a net margin of 2.11%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, equities analysts expect that U S Concrete will post $3.74 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. BidaskClub raised U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stifel Nicolaus lifted their price target on U S Concrete to $76.00 in a research note on Wednesday, March 1st. DA Davidson reaffirmed a “buy” rating and issued a $80.00 price target on shares of U S Concrete in a research note on Friday, March 3rd. TheStreet lowered U S Concrete from a “b+” rating to a “c+” rating in a research note on Tuesday, March 14th. Finally, Zacks Investment Research raised U S Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.00.
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In related news, VP Jeffrey W. Roberts sold 2,394 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $68.00, for a total value of $162,792.00. Following the sale, the vice president now owns 34,422 shares in the company, valued at approximately $2,340,696. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $63.21, for a total value of $410,865.00. Following the completion of the sale, the chief executive officer now owns 443,892 shares in the company, valued at approximately $28,058,413.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,644 shares of company stock worth $1,495,582. Insiders own 5.90% of the company’s stock.
U S 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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