Valmont Industries, Inc. (NYSE:VMI) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.90-7.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.09.
Shares of Valmont Industries, Inc. (NYSE VMI) traded down 0.25% during mid-day trading on Friday, reaching $159.80. 49,638 shares of the company were exchanged. Valmont Industries, Inc. has a 12 month low of $121.05 and a 12 month high of $165.20. The stock has a 50 day moving average price of $156.03 and a 200-day moving average price of $151.54. The stock has a market capitalization of $3.61 billion, a P/E ratio of 19.79 and a beta of 0.99.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. Analysts predict that Valmont Industries, Inc. will post $6.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. Valmont Industries’s dividend payout ratio is 17.90%.
Several equities research analysts have recently issued reports on the company. Boenning Scattergood reiterated a buy rating and set a $185.00 price target on shares of Valmont Industries in a report on Thursday, October 19th. Stifel Nicolaus reiterated a buy rating and set a $171.00 price target on shares of Valmont Industries in a report on Friday, July 14th. BidaskClub lowered Valmont Industries from a sell rating to a strong sell rating in a report on Friday, August 25th. Zacks Investment Research lowered Valmont Industries from a hold rating to a sell rating in a report on Tuesday. Finally, Seaport Global Securities assumed coverage on Valmont Industries in a report on Wednesday, September 6th. They set a buy rating and a $160.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $176.50.
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About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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