Media stories about Valmont Industries (NYSE:VMI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Valmont Industries earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 48.302360212284 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Valmont Industries (NYSE:VMI) opened at $148.10 on Friday. Valmont Industries has a 12-month low of $140.10 and a 12-month high of $176.35. The firm has a market capitalization of $3,379.05, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.65 and a quick ratio of 2.61.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.02). Valmont Industries had a return on equity of 14.17% and a net margin of 4.23%. The company had revenue of $714.98 million during the quarter, compared to analyst estimates of $724.03 million. During the same period in the prior year, the firm earned $1.61 EPS. Valmont Industries’s quarterly revenue was up 6.0% on a year-over-year basis. sell-side analysts expect that Valmont Industries will post 8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.01%. Valmont Industries’s dividend payout ratio is currently 29.30%.
A number of brokerages have weighed in on VMI. Stifel Nicolaus reduced their price target on Valmont Industries from $181.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Seaport Global Securities cut Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $173.75.
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Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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