Vulcan Materials (VMC) Expected to Post Q3 2018 Earnings of $1.33 Per Share
Vulcan Materials (NYSE:VMC) – Equities research analysts at SunTrust Banks issued their Q3 2018 earnings per share (EPS) estimates for shares of Vulcan Materials in a report released on Wednesday, October 10th. SunTrust Banks analyst R. Seth expects that the construction company will post earnings of $1.33 per share for the quarter. SunTrust Banks also issued estimates for Vulcan Materials’ Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $4.04 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $1.49 EPS, Q3 2019 earnings at $1.64 EPS, FY2019 earnings at $4.69 EPS, Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.94 EPS and FY2020 earnings at $5.67 EPS.
Several other analysts also recently weighed in on VMC. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Friday. ValuEngine raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Argus reduced their target price on Vulcan Materials to $122.00 and set a “buy” rating for the company in a report on Monday, August 20th. DA Davidson set a $118.00 target price on Vulcan Materials and gave the company a “hold” rating in a report on Thursday, October 11th. Finally, Bank of America reduced their target price on Vulcan Materials from $128.00 to $120.00 and set a “hold” rating for the company in a report on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $129.00.
Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). Vulcan Materials had a net margin of 15.72% and a return on equity of 9.46%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 20th. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.
A number of hedge funds have recently modified their holdings of the stock. Scout Investments Inc. increased its position in Vulcan Materials by 3.3% in the 3rd quarter. Scout Investments Inc. now owns 136,476 shares of the construction company’s stock valued at $15,176,000 after acquiring an additional 4,339 shares during the period. DNB Asset Management AS increased its position in Vulcan Materials by 3.7% in the 3rd quarter. DNB Asset Management AS now owns 16,917 shares of the construction company’s stock valued at $1,881,000 after acquiring an additional 600 shares during the period. Aurora Investment Counsel acquired a new position in Vulcan Materials in the 3rd quarter valued at about $1,749,000. United Capital Management of KS Inc. acquired a new position in Vulcan Materials in the 3rd quarter valued at about $2,140,000. Finally, State of Alaska Department of Revenue increased its position in Vulcan Materials by 3.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,920 shares of the construction company’s stock valued at $2,548,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 97.07% of the company’s stock.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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