Q2 2018 Earnings Estimate for Valmont Industries Issued By Boenning Scattergood (VMI)

Valmont Industries (NYSE:VMI) – Equities research analysts at Boenning Scattergood lowered their Q2 2018 earnings per share estimates for Valmont Industries in a research note issued to investors on Thursday, April 19th. Boenning Scattergood analyst R. Connors now forecasts that the industrial products company will earn $2.09 per share for the quarter, down from their prior estimate of $2.28. Boenning Scattergood currently has a “Buy” rating and a $185.00 target price on the stock. Boenning Scattergood also issued estimates for Valmont Industries’ Q3 2018 earnings at $1.87 EPS, Q1 2019 earnings at $2.10 EPS, Q2 2019 earnings at $2.56 EPS, Q3 2019 earnings at $2.31 EPS and Q4 2019 earnings at $2.53 EPS.

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Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, April 18th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.07. The company had revenue of $698.68 million for the quarter, compared to analysts’ expectations of $682.96 million. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. Valmont Industries’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.72 earnings per share.

VMI has been the topic of several other reports. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reduced their price target on shares of Valmont Industries from $160.00 to $141.00 and set a “hold” rating on the stock in a research report on Monday, April 16th. Finally, Seaport Global Securities cut shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $169.00.

VMI stock opened at $145.60 on Friday. The company has a current ratio of 4.07, a quick ratio of 2.61 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3,331.39, a P/E ratio of 20.89, a P/E/G ratio of 1.84 and a beta of 1.02. Valmont Industries has a 1-year low of $137.90 and a 1-year high of $176.35.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Wednesday, March 28th. Valmont Industries’s payout ratio is currently 21.52%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Clarus Wealth Advisors bought a new position in Valmont Industries during the fourth quarter valued at approximately $214,000. State of Alaska Department of Revenue bought a new position in Valmont Industries during the fourth quarter valued at approximately $215,000. BlueCrest Capital Management Ltd bought a new position in Valmont Industries during the fourth quarter valued at approximately $253,000. Global X Management Co. LLC grew its position in Valmont Industries by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,575 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 675 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in Valmont Industries during the fourth quarter valued at approximately $309,000. Institutional investors and hedge funds own 87.05% of the company’s stock.

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About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

Earnings History and Estimates for Valmont Industries (NYSE:VMI)

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