Wall Street brokerages expect Vulcan Materials (NYSE:VMC) to post $1.36 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Vulcan Materials’ earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.42. Vulcan Materials posted earnings per share of $1.04 in the same quarter last year, which would indicate a positive year over year growth rate of 30.8%. The business is expected to issue its next earnings results before the market opens on Tuesday, October 30th.
According to Zacks, analysts expect that Vulcan Materials will report full year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $3.83 to $4.26. For the next financial year, analysts forecast that the business will report earnings of $5.06 per share, with EPS estimates ranging from $4.69 to $5.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, July 31st. The construction company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.14). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vulcan Materials had a net margin of 15.72% and a return on equity of 9.46%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS.
VMC has been the subject of several recent research reports. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Bank of America lowered Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective for the company. in a research report on Wednesday, July 25th. They noted that the move was a valuation call. ValuEngine lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Jefferies Financial Group raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Wednesday, August 1st. Finally, Royal Bank of Canada raised Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and a consensus price target of $125.80.
Shares of Vulcan Materials stock opened at $90.88 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 1.07 and a beta of 0.93. Vulcan Materials has a 12 month low of $90.82 and a 12 month high of $141.20.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Wednesday, November 21st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s dividend payout ratio is presently 36.84%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Baldwin Investment Management LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter worth about $632,000. FDx Advisors Inc. purchased a new position in shares of Vulcan Materials in the 2nd quarter worth about $263,000. Sei Investments Co. raised its position in shares of Vulcan Materials by 45.4% in the 2nd quarter. Sei Investments Co. now owns 163,762 shares of the construction company’s stock worth $21,136,000 after purchasing an additional 51,168 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Vulcan Materials by 55,740.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 40,205 shares of the construction company’s stock worth $5,188,000 after purchasing an additional 40,133 shares during the last quarter. Finally, Bridgeworth LLC raised its position in shares of Vulcan Materials by 20.3% in the 2nd quarter. Bridgeworth LLC now owns 3,575 shares of the construction company’s stock worth $460,000 after purchasing an additional 603 shares during the last quarter. 97.42% of the stock is owned by hedge funds and other 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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