Zacks: Brokerages Anticipate Vulcan Materials (NYSE:VMC) to Announce $0.41 EPS


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Analysts expect Vulcan Materials (NYSE:VMC) to report earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Vulcan Materials’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.37. Vulcan Materials reported earnings of $0.47 per share in the same quarter last year, which would indicate a negative year over year growth rate of 12.8%. The business is expected to announce its next earnings results before the market opens on Tuesday, May 4th.

According to Zacks, analysts expect that Vulcan Materials will report full year earnings of $5.10 per share for the current financial year, with EPS estimates ranging from $4.98 to $5.40. For the next financial year, analysts forecast that the firm will report earnings of $6.07 per share, with EPS estimates ranging from $5.89 to $6.40. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Vulcan Materials.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, May 4th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.24. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. Vulcan Materials had a net margin of 12.55% and a return on equity of 10.97%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share.

Several brokerages have recently issued reports on VMC. Raymond James began coverage on shares of Vulcan Materials in a report on Wednesday, February 3rd. They set a “market perform” rating for the company. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 6th. Barclays boosted their price objective on shares of Vulcan Materials from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Vulcan Materials from a “sell” rating to a “hold” rating and set a $171.00 price objective on the stock in a research note on Wednesday, February 17th. Finally, Morgan Stanley boosted their price objective on shares of Vulcan Materials from $167.00 to $173.00 and gave the stock an “equal weight” rating in a research note on Monday, April 19th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $150.95.

In other news, VP Randy L. Pigg sold 216 shares of the stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $169.73, for a total transaction of $36,661.68. Following the transaction, the vice president now owns 2,034 shares of the company’s stock, valued at approximately $345,230.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Scott & Selber Inc. bought a new position in shares of Vulcan Materials during the 1st quarter worth about $1,126,000. Envestnet Asset Management Inc. boosted its position in shares of Vulcan Materials by 52.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 111,016 shares of the construction company’s stock worth $18,734,000 after purchasing an additional 38,412 shares in the last quarter. Security National Trust Co. boosted its position in shares of Vulcan Materials by 1.9% during the 1st quarter. Security National Trust Co. now owns 10,405 shares of the construction company’s stock worth $1,756,000 after purchasing an additional 195 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Vulcan Materials by 3.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 37,965 shares of the construction company’s stock worth $6,406,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Brooks Moore & Associates Inc. acquired a new stake in shares of Vulcan Materials in the 1st quarter worth about $203,000. 89.82% of the stock is currently owned by institutional investors.

Shares of NYSE:VMC traded up $9.53 during trading on Tuesday, hitting $189.21. 1,512,774 shares of the company were exchanged, compared to its average volume of 775,454. The business’s 50 day moving average is $171.98 and its 200-day moving average is $156.51. The company has a market capitalization of $25.10 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60. The company has a quick ratio of 1.69, a current ratio of 2.12 and a debt-to-equity ratio of 0.47. Vulcan Materials has a 1-year low of $88.60 and a 1-year high of $189.80.

The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a dividend of $0.37 per share. The ex-dividend date was Friday, February 26th. This represents a $1.48 dividend on an annualized basis and a yield of 0.78%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.34. Vulcan Materials’s dividend payout ratio is 31.49%.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregate primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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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