Valmont Industries (NYSE:VMI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $8.10-8.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.26. The company issued revenue guidance of $2.923-2.95 billion, compared to the consensus revenue estimate of $2.91 billion.
NYSE VMI opened at $137.25 on Friday. Valmont Industries has a one year low of $103.01 and a one year high of $146.46. The company has a 50-day simple moving average of $135.34 and a 200-day simple moving average of $129.51. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.89 and a current ratio of 2.71. The firm has a market capitalization of $3.04 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.
Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.14). Valmont Industries had a net margin of 3.61% and a return on equity of 14.86%. The firm had revenue of $700.90 million for the quarter, compared to analyst estimates of $725.44 million. During the same period in the previous year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that Valmont Industries will post 8.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.09%. Valmont Industries’s dividend payout ratio (DPR) is 19.79%.
A number of analysts recently commented on VMI shares. Zacks Investment Research downgraded shares of Valmont Industries from a strong-buy rating to a hold rating and set a $144.00 target price on the stock. in a report on Saturday, July 27th. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Friday, July 12th. Finally, TheStreet upgraded shares of Valmont Industries from a c+ rating to a b rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Valmont Industries has an average rating of Hold and a consensus target price of $148.50.
In related news, Director Daas Kaj Den sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $138.62, for a total transaction of $97,034.00. Following the transaction, the director now directly owns 11,678 shares of the company’s stock, valued at $1,618,804.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark C. Jaksich sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $137.19, for a total transaction of $1,028,925.00. Following the completion of the sale, the vice president now directly owns 24,187 shares of the company’s stock, valued at $3,318,214.53. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States 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, 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.
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