Zacks: Analysts Anticipate Vulcan Materials Company (VMC) Will Announce Earnings of $1.16 Per Share
Equities analysts expect that Vulcan Materials Company (NYSE:VMC) will post earnings of $1.16 per share for the current quarter, Zacks reports. Three analysts have made estimates for Vulcan Materials’ earnings, with estimates ranging from $1.01 to $1.45. Vulcan Materials posted earnings per share of $1.01 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.9%. The firm is expected to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Vulcan Materials will report full year earnings of $3.32 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.77. For the next fiscal year, analysts forecast that the firm will post earnings of $4.92 per share, with EPS estimates ranging from $4.50 to $5.29. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS.
VMC has been the topic of a number of recent analyst reports. Argus increased their price target on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Tuesday, June 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. BidaskClub raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC set a $114.00 price target on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Vulcan Materials currently has an average rating of “Hold” and an average price target of $136.00.
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In related news, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at $347,154.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC purchased a new stake in Vulcan Materials in the first quarter valued at approximately $105,000. Sun Life Financial INC raised its stake in Vulcan Materials by 10,666.7% in the second quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock valued at $123,000 after purchasing an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares in the last quarter. Korea Investment CORP raised its stake in Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock valued at $156,000 after purchasing an additional 718 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after purchasing an additional 1,201 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Vulcan Materials (NYSE VMC) traded down 0.83% on Wednesday, reaching $117.02. 1,060,630 shares of the company’s stock were exchanged. Vulcan Materials has a 12 month low of $105.71 and a 12 month high of $138.18. The firm’s 50-day moving average is $118.58 and its 200-day moving average is $122.47. The firm has a market cap of $15.48 billion, a PE ratio of 37.68 and a beta of 0.94.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.36%.
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).
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