Equities analysts predict that Vulcan Materials (NYSE:VMC) will announce sales of $1.38 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Vulcan Materials’ earnings, with estimates ranging from $1.36 billion to $1.41 billion. Vulcan Materials posted sales of $1.42 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.8%. The company is expected to issue its next earnings report on Wednesday, November 4th.
On average, analysts expect that Vulcan Materials will report full-year sales of $4.90 billion for the current financial year, with estimates ranging from $4.85 billion to $5.00 billion. For the next financial year, analysts expect that the business will report sales of $4.99 billion, with estimates ranging from $4.73 billion to $5.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 4th. The construction company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Vulcan Materials had a net margin of 12.60% and a return on equity of 11.46%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis.
Several equities research analysts have issued reports on the stock. Atlantic Securities assumed coverage on shares of Vulcan Materials in a research note on Friday, June 19th. They issued an “overweight” rating and a $145.00 price target on the stock. Barclays reduced their target price on shares of Vulcan Materials from $160.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Cfra downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating and reduced their target price for the stock from $151.00 to $120.00 in a report on Wednesday, May 6th. Exane BNP Paribas raised shares of Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $122.00 price objective for the company in a report on Tuesday, June 16th. Finally, TheStreet raised shares of Vulcan Materials from a “c+” rating to a “b-” rating in a report on Tuesday, August 4th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $135.53.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Portfolio Solutions LLC increased its position in Vulcan Materials by 348.3% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 269 shares of the construction company’s stock valued at $31,000 after acquiring an additional 209 shares during the period. Valeo Financial Advisors LLC increased its position in Vulcan Materials by 73.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 306 shares of the construction company’s stock valued at $35,000 after acquiring an additional 130 shares during the period. Rockefeller Capital Management L.P. increased its position in Vulcan Materials by 62.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 371 shares of the construction company’s stock valued at $40,000 after acquiring an additional 142 shares during the period. Golden State Wealth Management LLC acquired a new position in Vulcan Materials in the 1st quarter valued at approximately $41,000. Finally, CWM LLC increased its position in Vulcan Materials by 61.6% in the 1st quarter. CWM LLC now owns 475 shares of the construction company’s stock valued at $51,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Shares of NYSE VMC traded down $0.64 during midday trading on Tuesday, reaching $125.47. 10,021 shares of the stock were exchanged, compared to its average volume of 971,053. Vulcan Materials has a 12 month low of $65.56 and a 12 month high of $152.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.95 and a quick ratio of 1.52. The business has a 50-day simple moving average of $124.39 and a two-hundred day simple moving average of $117.13. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.42 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Wednesday, August 19th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.08%. The ex-dividend date is Tuesday, August 18th. Vulcan Materials’s dividend payout ratio (DPR) is currently 28.94%.
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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