Vulcan Materials Company (VMC) Issues Earnings Results, Misses Estimates By $0.36 EPS

Vulcan Materials Company (NYSE:VMC) issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.36), Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.01 EPS. Vulcan Materials’s revenue was up 8.6% compared to the same quarter last year.

Shares of Vulcan Materials (NYSE VMC) opened at $124.09 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $16,414.58, a PE ratio of 41.78, a P/E/G ratio of 2.42 and a beta of 0.86. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $136.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.97%.

In other news, insider Michael R. Mills sold 981 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

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A number of equities research analysts recently issued reports on VMC shares. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC increased their price target on shares of Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. BidaskClub cut shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Bank of America Corporation lowered their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Vulcan Materials currently has an average rating of “Hold” and a consensus price target of $140.00.

About Vulcan Materials

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).

Earnings History for Vulcan Materials (NYSE:VMC)

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