US Concrete (NASDAQ:USCR) Announces Quarterly Earnings Results, Beats Estimates By $0.13 EPS
US Concrete (NASDAQ:USCR) issued its earnings results on Friday. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.13, Briefing.com reports. The business had revenue of $408.90 million for the quarter, compared to analyst estimates of $435.92 million. US Concrete had a net margin of 1.06% and a return on equity of 3.05%. US Concrete’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share.
USCR opened at $43.86 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.09 and a debt-to-equity ratio of 2.16. The company has a market cap of $877.80 million, a price-to-earnings ratio of 22.73 and a beta of 1.36. US Concrete has a 1-year low of $30.41 and a 1-year high of $56.22. The company’s fifty day moving average price is $51.37 and its two-hundred day moving average price is $47.96.
In other news, VP Matthew Emmert sold 1,699 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $47.55, for a total value of $80,787.45. Following the completion of the transaction, the vice president now directly owns 2,460 shares in the company, valued at $116,973. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Herbert A. Burton sold 1,268 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $47.69, for a total transaction of $60,470.92. Following the completion of the transaction, the vice president now owns 5,681 shares of the company’s stock, valued at $270,926.89. The disclosure for this sale can be found here. Insiders have sold 3,717 shares of company stock valued at $177,498 in the last quarter. Company insiders own 4.70% of the company’s stock.
About US Concrete
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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