Equities research analysts expect Vulcan Materials (NYSE:VMC) to announce earnings of $0.41 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Vulcan Materials’ earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.43. Vulcan Materials posted earnings per share of $0.47 in the same quarter last year, which suggests a negative year over year growth rate of 12.8%. The company is scheduled to report its next earnings report before the market opens on Tuesday, May 4th.
According to Zacks, analysts expect that Vulcan Materials will report full year earnings of $5.10 per share for the current year, with EPS estimates ranging from $4.98 to $5.40. For the next financial year, analysts expect that the company will report earnings of $6.07 per share, with EPS estimates ranging from $5.89 to $6.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Vulcan Materials.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, May 4th. The construction company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.24. Vulcan Materials had a net margin of 12.55% and a return on equity of 10.97%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.47 earnings per share. Vulcan Materials’s revenue was up 1.8% compared to the same quarter last year.
VMC has been the subject of several recent research reports. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “hold” rating and set a $171.00 price objective for the company in a research note on Wednesday, February 17th. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 6th. Raymond James initiated coverage on shares of Vulcan Materials in a research note on Wednesday, February 3rd. They issued a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $165.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, January 22nd. Finally, Morgan Stanley raised their price objective on shares of Vulcan Materials from $167.00 to $173.00 and gave the company an “equal weight” rating in a research note on Monday, April 19th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Vulcan Materials presently has an average rating of “Hold” and an average price target of $150.95.
Shares of NYSE VMC traded up $9.53 during midday trading on Tuesday, hitting $189.21. The company’s stock had a trading volume of 1,512,774 shares, compared to its average volume of 775,454. The business’s fifty day simple moving average is $171.98 and its two-hundred day simple moving average is $156.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.12 and a quick ratio of 1.69. Vulcan Materials has a 1 year low of $88.60 and a 1 year high of $189.80. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.48 dividend on an annualized basis and a yield of 0.78%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.34. Vulcan Materials’s dividend payout ratio (DPR) is presently 31.49%.
In other Vulcan Materials news, VP Randy L. Pigg sold 216 shares of the firm’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $169.73, for a total transaction of $36,661.68. Following the sale, the vice president now owns 2,034 shares of the company’s stock, valued at $345,230.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in VMC. BlackRock Inc. increased its holdings in shares of Vulcan Materials by 16.0% in the 4th quarter. BlackRock Inc. now owns 9,604,008 shares of the construction company’s stock valued at $1,424,373,000 after acquiring an additional 1,326,921 shares during the period. Norges Bank acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $172,711,000. Junto Capital Management LP acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $53,643,000. Ceredex Value Advisors LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $44,163,000. Finally, Carlson Capital L P acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $41,409,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregate primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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