Vulcan Materials (NYSE:VMC) is scheduled to announce its earnings results before the market opens on Thursday, May 3rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Vulcan Materials has set its FY18 guidance at $4.00-4.65 EPS.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $977.50 million during the quarter, compared to analyst estimates of $929.36 million. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. On average, analysts expect Vulcan Materials to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Vulcan Materials stock opened at $112.12 on Thursday. The company has a market capitalization of $15,076.50, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. Vulcan Materials has a fifty-two week low of $109.69 and a fifty-two week high of $141.20. The company has a quick ratio of 1.80, a current ratio of 2.66 and a debt-to-equity ratio of 0.57.
Several research analysts recently weighed in on VMC shares. Citigroup set a $150.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, February 14th. Stephens set a $137.00 price objective on Vulcan Materials and gave the stock a “buy” rating in a research report on Friday, April 13th. Jefferies Group reiterated a “hold” rating and issued a $129.00 price objective on shares of Vulcan Materials in a research report on Monday. Finally, Bank of America increased their price objective on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Buy” and an average price target of $142.11.
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About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.
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