Vulcan Materials (NYSE:VMC) Expected to Announce Quarterly Sales of $1.05 Billion

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Brokerages expect Vulcan Materials (NYSE:VMC) to announce $1.05 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Vulcan Materials’ earnings. The lowest sales estimate is $1.02 billion and the highest is $1.08 billion. Vulcan Materials reported sales of $996.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.4%. The business is expected to report its next earnings results on Thursday, May 7th.

On average, analysts expect that Vulcan Materials will report full-year sales of $5.31 billion for the current financial year, with estimates ranging from $5.23 billion to $5.34 billion. For the next year, analysts forecast that the company will post sales of $5.72 billion, with estimates ranging from $5.64 billion to $5.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Vulcan Materials.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.09). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Vulcan Materials had a return on equity of 11.68% and a net margin of 12.53%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share.

Several research analysts have commented on the company. ValuEngine downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. Goldman Sachs Group downgraded Vulcan Materials from a “conviction-buy” rating to a “buy” rating in a report on Friday, November 8th. Deutsche Bank assumed coverage on Vulcan Materials in a report on Friday, January 3rd. They set a “buy” rating and a $116.00 target price on the stock. Loop Capital initiated coverage on Vulcan Materials in a report on Thursday, December 19th. They set a “hold” rating and a $156.00 target price on the stock. Finally, Citigroup dropped their price objective on Vulcan Materials from $173.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $153.38.

In other Vulcan Materials news, insider Fehlberg Barry 1,000,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. 0.79% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VMC. Prime Capital Investment Advisors LLC bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $32,000. Rockefeller Capital Management L.P. grew its holdings in shares of Vulcan Materials by 247.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 229 shares of the construction company’s stock valued at $33,000 after acquiring an additional 163 shares in the last quarter. Signaturefd LLC grew its holdings in Vulcan Materials by 54.4% during the fourth quarter. Signaturefd LLC now owns 264 shares of the construction company’s stock valued at $38,000 after purchasing an additional 93 shares during the period. Finally, Raab & Moskowitz Asset Management LLC bought a new position in Vulcan Materials during the fourth quarter valued at $43,000. 91.49% of the stock is owned by hedge funds and other institutional investors.

VMC traded down $1.84 during midday trading on Friday, hitting $133.95. 1,032,321 shares of the company were exchanged, compared to its average volume of 926,749. The firm has a market capitalization of $17.92 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.54 and a beta of 0.93. Vulcan Materials has a 1-year low of $109.19 and a 1-year high of $152.49. The firm’s 50 day moving average price is $142.58 and its 200-day moving average price is $143.19. The company has a quick ratio of 1.67, a current ratio of 2.47 and a debt-to-equity ratio of 0.57.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.34 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, February 25th. Vulcan Materials’s dividend payout ratio is 26.38%.

Vulcan Materials Company Profile

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

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