Wall Street brokerages expect that Vulcan Materials (NYSE:VMC) will report $936.65 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Vulcan Materials’ earnings, with the highest sales estimate coming in at $942.90 million and the lowest estimate coming in at $922.90 million. Vulcan Materials reported sales of $872.98 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that Vulcan Materials will report full-year sales of $936.65 million for the current year, with estimates ranging from $3.84 billion to $3.86 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.21 billion per share, with estimates ranging from $4.19 billion to $4.23 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Several equities research analysts recently weighed in on the company. Jefferies Group restated a “hold” rating and set a $135.00 price target on shares of Vulcan Materials in a research report on Wednesday. Barclays assumed coverage on Vulcan Materials in a research report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price target on the stock. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the company a “buy” rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Sunday. Finally, Royal Bank of Canada restated a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $143.00.
In other Vulcan Materials news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the sale, the insider now directly owns 45,351 shares of the company’s stock, valued at $6,043,020.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the sale, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VMC. Janus Henderson Group PLC boosted its holdings in Vulcan Materials by 4,985.8% in the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after acquiring an additional 4,126,822 shares in the last quarter. Third Point LLC bought a new stake in Vulcan Materials in the second quarter worth $202,688,000. Point72 Asset Management L.P. boosted its holdings in Vulcan Materials by 116.5% in the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock worth $124,235,000 after acquiring an additional 558,900 shares in the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in Vulcan Materials in the second quarter worth $58,623,000. Finally, CI Investments Inc. bought a new stake in Vulcan Materials in the third quarter worth $55,271,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vulcan Materials (NYSE:VMC) opened at $135.03 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. Vulcan Materials has a 1 year low of $108.95 and a 1 year high of $137.65. The firm has a market capitalization of $17,862.44, a P/E ratio of 45.46, a P/E/G ratio of 1.97 and a beta of 0.88.
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Vulcan Materials Company Profile
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).
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