Vulcan Materials (NYSE:VMC) Expected to Post Earnings of $1.71 Per Share

Brokerages predict that Vulcan Materials (NYSE:VMC) will report $1.71 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Vulcan Materials’ earnings, with estimates ranging from $1.67 to $1.77. Vulcan Materials reported earnings of $1.56 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is expected to report its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Vulcan Materials will report full year earnings of $5.09 per share for the current fiscal year, with EPS estimates ranging from $4.98 to $5.21. For the next fiscal year, analysts anticipate that the business will post earnings of $6.13 per share, with EPS estimates ranging from $5.81 to $6.36. Zacks’ EPS 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 Wednesday, August 4th. The construction company reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.08). Vulcan Materials had a net margin of 13.64% and a return on equity of 10.71%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company earned $1.60 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.

A number of equities analysts have recently weighed in on VMC shares. JPMorgan Chase & Co. upped their target price on Vulcan Materials from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 26th. Morgan Stanley raised their target price on Vulcan Materials from $186.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, August 9th. Loop Capital raised their target price on Vulcan Materials from $190.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, August 27th. Finally, Jefferies Financial Group upgraded Vulcan Materials from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $207.00 in a research note on Friday, June 25th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $183.00.

Shares of Vulcan Materials stock traded down $0.51 on Wednesday, reaching $175.22. 18,259 shares of the company’s stock were exchanged, compared to its average volume of 776,515. The company has a market capitalization of $23.25 billion, a P/E ratio of 35.01 and a beta of 0.58. Vulcan Materials has a 52 week low of $124.58 and a 52 week high of $194.17. The firm’s 50-day moving average is $180.79 and its two-hundred day moving average is $177.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.92 and a current ratio of 3.67.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Wednesday, August 18th were issued a $0.37 dividend. The ex-dividend date was Tuesday, August 17th. This represents a $1.48 annualized dividend and a dividend yield of 0.84%. Vulcan Materials’s payout ratio is 31.62%.

In related news, SVP David P. Clement sold 3,716 shares of Vulcan Materials stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of $184.34, for a total value of $685,007.44. Following the completion of the transaction, the senior vice president now owns 7,593 shares in the company, valued at approximately $1,399,693.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stanley G. Bass sold 33,521 shares of Vulcan Materials stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $185.52, for a total value of $6,218,815.92. The disclosure for this sale can be found here. Insiders have sold a total of 106,795 shares of company stock worth $19,874,999 over the last 90 days. 0.55% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of Vulcan Materials by 64.2% during the first quarter. First Trust Advisors LP now owns 34,452 shares of the construction company’s stock worth $4,079,000 after acquiring an additional 13,476 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vulcan Materials by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,328,546 shares of the construction company’s stock valued at $197,021,000 after buying an additional 20,953 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Vulcan Materials by 47.8% in the first quarter. Park Avenue Securities LLC now owns 2,571 shares of the construction company’s stock valued at $434,000 after buying an additional 831 shares in the last quarter. Greenleaf Trust increased its stake in shares of Vulcan Materials by 12.7% during the 1st quarter. Greenleaf Trust now owns 1,717 shares of the construction company’s stock worth $290,000 after purchasing an additional 193 shares in the last quarter. Finally, Exane Derivatives boosted its position in Vulcan Materials by 18.7% during the first quarter. Exane Derivatives now owns 381 shares of the construction company’s stock worth $64,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

Featured Story: Learning About the VIX – Volatility Index

Get a free copy of the Zacks research report on Vulcan Materials (VMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.