Valmont Industries, Inc. (NYSE:VMI) Scheduled to Post Quarterly Earnings on Wednesday
Valmont Industries, Inc. (NYSE:VMI) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 19th. Analysts expect Valmont Industries to post earnings of $1.96 per share for the quarter.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. Valmont Industries had a net margin of 6.99% and a return on equity of 14.93%. The company had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. During the same period in the prior year, the business posted $1.45 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect Valmont Industries to post $7.08 EPS for the current fiscal year and $7.92 EPS for the next fiscal year.
Valmont Industries, Inc. (NYSE VMI) opened at 152.95 on Tuesday. Valmont Industries, Inc. has a 1-year low of $120.65 and a 1-year high of $165.20. The firm has a market capitalization of $3.45 billion, a P/E ratio of 19.35 and a beta of 0.97. The stock’s 50 day moving average is $148.74 and its 200-day moving average is $148.92.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, June 28th. Valmont Industries’s payout ratio is presently 18.96%.
Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Friday, May 12th. William Blair reissued a “market perform” rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $168.00.
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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