U S Concrete, Inc. (NASDAQ:USCR) will release its earnings data on Friday, November 3rd. Analysts expect U S Concrete to post earnings of $1.46 per share for the quarter.
U S Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $340.90 million during the quarter, compared to analysts’ expectations of $342.60 million. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, analysts expect U S Concrete to post $3.89 EPS for the current fiscal year and $4.84 EPS for the next fiscal year.
U S Concrete, Inc. (USCR) opened at 79.75 on Wednesday. The company has a market capitalization of $1.25 billion, a PE ratio of 50.54 and a beta of 1.21. The stock’s 50 day moving average is $76.03 and its 200 day moving average is $73.30. U S Concrete, Inc. has a 52 week low of $45.05 and a 52 week high of $83.85.
Several brokerages recently issued reports on USCR. Zacks Investment Research downgraded U S Concrete from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded U S Concrete from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target on shares of U S Concrete in a report on Thursday, September 28th. Citigroup Inc. upped their price objective on U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. U S Concrete currently has a consensus rating of “Buy” and an average price target of $89.00.
In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the transaction, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Andrew Behring sold 361 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the transaction, the vice president now owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The disclosure for this sale can be found here. Insiders sold a total of 8,061 shares of company stock valued at $614,993 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.
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About U S Concrete
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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