Press coverage about U S Concrete (NASDAQ:USCR) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. U S Concrete earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.3086309607209 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
USCR has been the subject of several recent research reports. BidaskClub cut U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective on shares of U S Concrete in a report on Thursday, September 28th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, August 15th. Finally, Citigroup Inc. boosted their price objective on U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $89.00.
Shares of U S Concrete (USCR) opened at $77.10 on Friday. The firm has a market capitalization of $1,281.17, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. U S Concrete has a twelve month low of $55.70 and a twelve month high of $83.85. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35.
U S Concrete (NASDAQ:USCR) last posted its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). The company had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. U S Concrete’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. equities analysts anticipate that U S Concrete will post 3.11 earnings per share for the current fiscal year.
In related news, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction that occurred 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 directly owns 412,091 shares in the company, valued at approximately $31,236,497.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Andrew Behring sold 361 shares of the business’s stock in a transaction that occurred 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 $881,174.24. The disclosure for this sale can be found here. Insiders have sold a total of 8,061 shares of company stock valued at $614,718 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.
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U S Concrete Company Profile
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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