Vulcan Materials (VMC) Updates FY18 Earnings Guidance

Vulcan Materials (NYSE:VMC) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $4.00-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.32.

Several equities analysts have commented on the stock. Jefferies Group reissued a hold rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. Barclays assumed coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an overweight rating and a $135.00 target price on the stock. SunTrust Banks set a $145.00 target price on shares of Vulcan Materials and gave the stock a buy rating in a research report on Saturday, December 16th. Zacks Investment Research raised shares of Vulcan Materials from a strong sell rating to a hold rating in a research report on Sunday, January 21st. Finally, Citigroup reissued a buy rating and set a $144.00 target price on shares of Vulcan Materials in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $146.00.

Vulcan Materials (NYSE:VMC) traded down $4.72 during trading on Friday, reaching $128.75. 1,697,798 shares of the company’s stock traded hands, compared to its average volume of 1,526,140. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. The firm has a market capitalization of $16,720.00, a P/E ratio of 44.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $141.20.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The firm had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. equities research analysts forecast that Vulcan Materials will post 3.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.28 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.13%.

In other news, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at $5,998,819.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $133.25, for a total value of $620,811.75. Following the completion of the sale, the insider now directly owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

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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 and Estimates for Vulcan Materials (NYSE:VMC)

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