Wall Street brokerages forecast that Vulcan Materials (NYSE:VMC) will report $1.48 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Vulcan Materials’ earnings. The highest EPS estimate is $1.69 and the lowest is $1.39. Vulcan Materials reported earnings of $1.23 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20.3%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, July 25th.
On average, analysts expect that Vulcan Materials will report full-year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.76 to $4.89. For the next financial year, analysts expect that the company will report earnings of $5.75 per share, with EPS estimates ranging from $5.51 to $6.04. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. Vulcan Materials had a return on equity of 10.60% and a net margin of 11.63%. The firm had revenue of $996.50 million for the quarter, compared to analyst estimates of $915.68 million. During the same quarter last year, the company earned $0.44 EPS. The company’s revenue was up 16.6% on a year-over-year basis.
A number of equities analysts have commented on VMC shares. Stifel Nicolaus raised their price objective on Vulcan Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. ValuEngine upgraded Vulcan Materials from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Thursday, May 9th. Barclays reiterated a “buy” rating and issued a $137.00 price target on shares of Vulcan Materials in a research note on Sunday, May 5th. Finally, Berenberg Bank assumed coverage on Vulcan Materials in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Vulcan Materials has an average rating of “Buy” and a consensus price target of $127.93.
Vulcan Materials stock opened at $139.76 on Tuesday. The business’s fifty day moving average is $131.90. Vulcan Materials has a one year low of $82.52 and a one year high of $140.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.65 and a beta of 0.93.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 0.89%. Vulcan Materials’s payout ratio is 30.62%.
In related news, VP Randy L. Pigg sold 1,754 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $134.96, for a total transaction of $236,719.84. Following the sale, the vice president now owns 3,034 shares of the company’s stock, valued at approximately $409,468.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael R. Mills sold 1,326 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $136.05, for a total value of $180,402.30. Following the sale, the insider now directly owns 51,713 shares in the company, valued at approximately $7,035,553.65. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMC. JOYN Advisors Inc. boosted its holdings in shares of Vulcan Materials by 273.0% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after acquiring an additional 202 shares in the last quarter. Somerset Trust Co acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at $44,000. Parallel Advisors LLC boosted its holdings in shares of Vulcan Materials by 114.5% during the 1st quarter. Parallel Advisors LLC now owns 474 shares of the construction company’s stock valued at $56,000 after acquiring an additional 253 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Vulcan Materials by 21.9% during the 4th quarter. Commonwealth Bank of Australia now owns 624 shares of the construction company’s stock valued at $58,000 after acquiring an additional 112 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at $91,000. 95.82% of the stock is currently owned by institutional investors.
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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