Brokerages predict that Vulcan Materials Company (NYSE:VMC) will announce earnings per share of $1.27 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vulcan Materials’ earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.36. Vulcan Materials posted earnings of $0.90 per share in the same quarter last year, which indicates a positive year over year growth rate of 41.1%. The firm is expected to issue its next earnings report before the market opens on Wednesday, August 2nd.

On average, analysts expect that Vulcan Materials will report full-year earnings of $4.12 per share for the current year, with EPS estimates ranging from $3.81 to $4.35. For the next year, analysts forecast that the company will post earnings of $5.55 per share, with EPS estimates ranging from $5.00 to $6.35. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Vulcan Materials.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. Vulcan Materials had a net margin of 11.61% and a return on equity of 8.80%. The company had revenue of $787 million for the quarter, compared to analyst estimates of $743.79 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis.

A number of research analysts have commented on the stock. BidaskClub lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th. Argus lifted their price objective on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Citigroup Inc. restated a “buy” rating on shares of Vulcan Materials in a research note on Thursday, May 11th. Finally, Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Vulcan Materials has a consensus rating of “Hold” and an average price target of $138.60.

Vulcan Materials (VMC) traded up 0.71% during midday trading on Tuesday, reaching $126.19. 608,851 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $127.94 and its 200-day moving average price is $124.16. The company has a market capitalization of $16.68 billion, a PE ratio of 40.45 and a beta of 0.94. Vulcan Materials has a 1-year low of $105.71 and a 1-year high of $138.18.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s payout ratio is 32.15%.

TRADEMARK VIOLATION WARNING: “Analysts Expect Vulcan Materials Company (NYSE:VMC) Will Post Earnings of $1.27 Per Share” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/07/23/analysts-expect-vulcan-materials-company-nysevmc-will-post-earnings-of-1-27-per-share.html.

In related news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total transaction of $40,392.00. Following the sale, the general counsel now owns 5,292 shares of the company’s stock, valued at $698,544. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stanley G. Bass sold 4,413 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the sale, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,743 shares of company stock worth $876,515. 0.89% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Home Federal Bank of Tennessee increased its stake in shares of Vulcan Materials by 16.4% in the first quarter. Home Federal Bank of Tennessee now owns 5,669 shares of the construction company’s stock valued at $683,000 after buying an additional 798 shares during the period. National Pension Service increased its stake in shares of Vulcan Materials by 8.4% in the first quarter. National Pension Service now owns 115,921 shares of the construction company’s stock valued at $13,643,000 after buying an additional 9,003 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Vulcan Materials by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,338 shares of the construction company’s stock valued at $4,980,000 after buying an additional 500 shares during the period. New England Research & Management Inc. increased its stake in shares of Vulcan Materials by 20.7% in the first quarter. New England Research & Management Inc. now owns 3,750 shares of the construction company’s stock valued at $452,000 after buying an additional 642 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of Vulcan Materials by 6.6% in the first quarter. CENTRAL TRUST Co now owns 2,568 shares of the construction company’s stock valued at $309,000 after buying an additional 160 shares during the period. 86.01% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Get a free copy of the Zacks research report on Vulcan Materials (VMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with MarketBeat.com's FREE daily email newsletter.