Wall Street analysts predict that Vulcan Materials (NYSE:VMC) will post $812.58 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Vulcan Materials’ earnings. The lowest sales estimate is $782.20 million and the highest is $847.60 million. Vulcan Materials posted sales of $787.33 million during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, May 3rd.
On average, analysts expect that Vulcan Materials will report full year sales of $4.31 billion for the current year, with estimates ranging from $4.28 billion to $4.34 billion. For the next financial year, analysts expect that the business will post sales of $4.76 billion per share, with estimates ranging from $4.70 billion to $4.85 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The business had revenue of $977.50 million for the quarter, compared to analyst estimates of $929.36 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year.
VMC has been the topic of a number of recent analyst reports. Citigroup increased their target price on Vulcan Materials from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America increased their target price on Vulcan Materials from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 6th. Stephens reiterated a “buy” rating and set a $158.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 3rd. Finally, Jefferies Group reiterated a “hold” rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $142.78.
Shares of NYSE:VMC traded down $1.58 during midday trading on Monday, reaching $113.75. 1,086,973 shares of the company’s stock traded hands, compared to its average volume of 1,391,424. Vulcan Materials has a 1 year low of $109.96 and a 1 year high of $141.20. The firm has a market capitalization of $15,279.20, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.80.
A number of hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its holdings in Vulcan Materials by 3.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 12,719 shares of the construction company’s stock valued at $1,633,000 after purchasing an additional 400 shares in the last quarter. MML Investors Services LLC lifted its holdings in Vulcan Materials by 11.6% in the 4th quarter. MML Investors Services LLC now owns 3,933 shares of the construction company’s stock valued at $505,000 after purchasing an additional 408 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in Vulcan Materials by 3.6% in the 4th quarter. Rice Hall James & Associates LLC now owns 14,861 shares of the construction company’s stock valued at $1,908,000 after purchasing an additional 514 shares in the last quarter. Main Street Research LLC lifted its holdings in Vulcan Materials by 0.7% in the 4th quarter. Main Street Research LLC now owns 89,649 shares of the construction company’s stock valued at $11,508,000 after purchasing an additional 591 shares in the last quarter. Finally, Capital Innovations LLC lifted its holdings in Vulcan Materials by 24.9% in the 4th quarter. Capital Innovations LLC now owns 3,035 shares of the construction company’s stock valued at $390,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 92.23% of the company’s stock.
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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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