$1.71 EPS Expected for Vulcan Materials (NYSE:VMC) This Quarter

Wall Street analysts expect Vulcan Materials (NYSE:VMC) to announce $1.71 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vulcan Materials’ earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.67. Vulcan Materials reported earnings per share of $1.56 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The company is expected to announce its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Vulcan Materials will report full-year earnings of $5.09 per share for the current fiscal year, with EPS estimates ranging from $4.98 to $5.21. For the next financial year, analysts forecast that the business will post earnings of $6.13 per share, with EPS estimates ranging from $5.81 to $6.36. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Vulcan Materials.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, August 4th. The construction company reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.08). Vulcan Materials had a net margin of 13.64% and a return on equity of 10.71%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company earned $1.60 earnings per share. Vulcan Materials’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Vulcan Materials from $186.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Monday, August 9th. Loop Capital raised their target price on shares of Vulcan Materials from $190.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, August 27th. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 26th. Finally, Jefferies Financial Group raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $207.00 in a research report on Friday, June 25th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $183.00.

NYSE:VMC traded down $0.51 during mid-day trading on Wednesday, reaching $175.22. 18,259 shares of the company were exchanged, compared to its average volume of 776,515. The stock has a market cap of $23.25 billion, a PE ratio of 35.01 and a beta of 0.58. The company has a quick ratio of 2.92, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 12 month low of $124.58 and a 12 month high of $194.17. The company has a fifty day moving average of $180.79 and a 200 day moving average of $177.53.

The business also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Wednesday, August 18th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, August 17th. Vulcan Materials’s dividend payout ratio (DPR) is 31.62%.

In other Vulcan Materials news, insider Stanley G. Bass sold 33,521 shares of the company’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $185.52, for a total value of $6,218,815.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David P. Clement sold 3,716 shares of the company’s stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of $184.34, for a total value of $685,007.44. Following the completion of the sale, the senior vice president now owns 7,593 shares of the company’s stock, valued at approximately $1,399,693.62. The disclosure for this sale can be found here. Insiders sold 106,795 shares of company stock valued at $19,874,999 in the last 90 days. Company insiders own 0.55% of the company’s stock.

A number of hedge funds have recently modified their holdings of VMC. NEXT Financial Group Inc increased its holdings in Vulcan Materials by 135.7% during the 2nd quarter. NEXT Financial Group Inc now owns 165 shares of the construction company’s stock worth $28,000 after purchasing an additional 95 shares during the period. Bbva USA purchased a new position in Vulcan Materials during the 2nd quarter worth $35,000. E Fund Management Co. Ltd. purchased a new position in Vulcan Materials during the 1st quarter worth $39,000. Ameritas Investment Company LLC purchased a new position in Vulcan Materials during the 1st quarter worth $47,000. Finally, BDO Wealth Advisors LLC purchased a new position in Vulcan Materials during the 1st quarter worth $52,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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