Wall Street analysts forecast that US Concrete Inc (NASDAQ:USCR) will post earnings per share (EPS) of $1.21 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for US Concrete’s earnings. US Concrete posted earnings of $1.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that US Concrete will report full-year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.17 to $3.33. For the next year, analysts expect that the business will post earnings of $4.21 per share, with EPS estimates ranging from $3.84 to $4.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover US Concrete.
US Concrete (NASDAQ:USCR) last issued its earnings results on Thursday, May 9th. The construction company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). US Concrete had a return on equity of 8.76% and a net margin of 2.06%. The firm had revenue of $333.10 million during the quarter, compared to analysts’ expectations of $342.80 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. US Concrete’s quarterly revenue was up 1.6% compared to the same quarter last year.
Several research firms have recently commented on USCR. BidaskClub raised US Concrete from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Zacks Investment Research raised US Concrete from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday. SunTrust Banks lowered US Concrete from a “positive” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Wednesday, May 15th. Finally, ValuEngine raised US Concrete from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.00.
In related news, COO Ronnie A. Pruitt sold 4,563 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $46.26, for a total transaction of $211,084.38. Following the transaction, the chief operating officer now directly owns 21,310 shares of the company’s stock, valued at approximately $985,800.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John E. Kunz sold 1,982 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $47.33, for a total value of $93,808.06. Following the transaction, the chief financial officer now directly owns 12,592 shares in the company, valued at $595,979.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,348 shares of company stock valued at $574,858. Corporate insiders own 4.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in US Concrete during the 4th quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in US Concrete by 82.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock valued at $40,000 after buying an additional 512 shares in the last quarter. Advisory Services Network LLC increased its position in US Concrete by 20.2% during the 1st quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock valued at $103,000 after buying an additional 420 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in US Concrete by 55,716.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,349 shares of the construction company’s stock valued at $139,000 after buying an additional 3,343 shares in the last quarter. Finally, Royce & Associates LP increased its position in US Concrete by 96.0% during the 4th quarter. Royce & Associates LP now owns 4,900 shares of the construction company’s stock valued at $173,000 after buying an additional 2,400 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.
Shares of USCR stock traded up $0.07 during mid-day trading on Monday, hitting $47.68. The stock had a trading volume of 282,752 shares, compared to its average volume of 219,704. US Concrete has a 12-month low of $27.68 and a 12-month high of $60.00. The stock has a market capitalization of $791.24 million, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.68 and a beta of 1.23. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 2.21.
US Concrete Company Profile
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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