Valmont Industries (NYSE:VMI) Issues Quarterly Earnings Results

Valmont Industries (NYSE:VMI) announced its quarterly earnings data on Tuesday. The industrial products company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.50 by $0.56, MarketWatch Earnings reports. Valmont Industries had a net margin of 5.10% and a return on equity of 15.61%. The business had revenue of $894.63 million during the quarter, compared to the consensus estimate of $815.05 million. During the same period in the previous year, the business earned $2.00 earnings per share. The company’s revenue was up 29.9% on a year-over-year basis.

VMI remained flat at $$229.70 during trading on Thursday. 8,056 shares of the company’s stock were exchanged, compared to its average volume of 89,878. The company has a market cap of $4.88 billion, a PE ratio of 31.78 and a beta of 1.18. The stock has a 50 day moving average of $237.83. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.58. Valmont Industries has a twelve month low of $117.36 and a twelve month high of $265.09.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Friday, June 25th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, June 24th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Valmont Industries’s dividend payout ratio (DPR) is currently 24.45%.

In other news, EVP Aaron M. Schapper sold 1,004 shares of the stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $251.00, for a total transaction of $252,004.00. Following the transaction, the executive vice president now owns 7,480 shares of the company’s stock, valued at approximately $1,877,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on VMI shares. Boenning Scattergood upgraded shares of Valmont Industries from a “neutral” rating to an “outperform” rating and set a $350.00 price target for the company in a report on Thursday. Zacks Investment Research downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating and set a $242.00 price target for the company. in a report on Wednesday, April 21st. Finally, DA Davidson upped their price target on shares of Valmont Industries from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, April 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $240.00.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

See Also: What is the Coverage Ratio?

Earnings History for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.