Vulcan Materials (NYSE:VMC) Announces Earnings Results

Vulcan Materials (NYSE:VMC) posted its quarterly earnings results on Wednesday. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12), Briefing.com reports. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded down $0.57 during midday trading on Thursday, hitting $275.66. 1,041,874 shares of the company traded hands, compared to its average volume of 834,615. Vulcan Materials has a 12 month low of $195.70 and a 12 month high of $279.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The stock has a market cap of $36.40 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.35 and a beta of 0.82. The firm’s fifty day moving average price is $246.87 and its 200-day moving average price is $252.02.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. StockNews.com lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Loop Capital cut their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Truist Financial reduced their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.50.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company 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.