Equities analysts expect that Valmont Industries, Inc. (NYSE:VMI) will report sales of $680.67 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Valmont Industries’ earnings, with the lowest sales estimate coming in at $666.40 million and the highest estimate coming in at $697.00 million. Valmont Industries reported sales of $680.78 million during the same quarter last year, which would suggest a negative year over year growth rate of 0%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, October 23rd.
According to Zacks, analysts expect that Valmont Industries will report full year sales of $2.79 billion for the current year, with estimates ranging from $2.76 billion to $2.86 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.92 billion, with estimates ranging from $2.82 billion to $3.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Valmont Industries.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Monday, July 23rd. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $682.41 million during the quarter, compared to the consensus estimate of $709.92 million. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. During the same period in the previous year, the firm posted $2.01 earnings per share.
A number of brokerages have recently commented on VMI. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Boenning Scattergood downgraded shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a report on Friday, July 13th. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, July 25th. Finally, TheStreet downgraded shares of Valmont Industries from a “b-” rating to a “c+” rating in a report on Thursday, October 4th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $173.33.
In related news, SVP John A. Kehoe sold 3,059 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $137.50, for a total value of $420,612.50. Following the completion of the sale, the senior vice president now directly owns 2,911 shares in the company, valued at $400,262.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Valmont Industries by 1.6% during the second quarter. BlackRock Inc. now owns 1,906,460 shares of the industrial products company’s stock worth $287,400,000 after buying an additional 29,191 shares during the period. Royce & Associates LP grew its stake in Valmont Industries by 1.7% during the second quarter. Royce & Associates LP now owns 691,958 shares of the industrial products company’s stock worth $104,313,000 after buying an additional 11,300 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Valmont Industries by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 583,093 shares of the industrial products company’s stock worth $87,901,000 after purchasing an additional 28,657 shares in the last quarter. FMR LLC lifted its position in shares of Valmont Industries by 3.1% during the second quarter. FMR LLC now owns 307,020 shares of the industrial products company’s stock worth $46,283,000 after purchasing an additional 9,220 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of Valmont Industries by 18.8% during the second quarter. King Luther Capital Management Corp now owns 261,812 shares of the industrial products company’s stock worth $39,468,000 after purchasing an additional 41,490 shares in the last quarter. Institutional investors own 87.46% of the company’s stock.
Shares of NYSE VMI opened at $126.46 on Friday. The stock has a market cap of $3.10 billion, a PE ratio of 18.14, a PEG ratio of 1.97 and a beta of 1.00. Valmont Industries has a 12 month low of $126.22 and a 12 month high of $176.35. The company has a quick ratio of 2.20, a current ratio of 2.83 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.375 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. Valmont Industries’s payout ratio is 21.52%.
Valmont Industries Company Profile
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.
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