Analysts expect Vulcan Materials (NYSE:VMC) to announce earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Four analysts have issued estimates for Vulcan Materials’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.41. Vulcan Materials reported earnings of $0.34 per share during the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 9th.
On average, analysts expect that Vulcan Materials will report full-year earnings of $4.37 per share for the current financial year, with EPS estimates ranging from $3.91 to $4.69. For the next fiscal year, analysts anticipate that the business will post earnings of $5.66 per share, with EPS estimates ranging from $5.52 to $5.94. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The company had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis.
VMC has been the topic of several recent analyst reports. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Barclays initiated coverage on Vulcan Materials in a research report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price on the stock. SunTrust Banks set a $145.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research report on Saturday, December 16th. Citigroup reiterated a “buy” rating and set a $144.00 target price on shares of Vulcan Materials in a research report on Tuesday, December 26th. Finally, Stephens reiterated a “buy” rating and set a $158.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $145.11.
In other news, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $133.25, for a total transaction of $620,811.75. Following the sale, the insider now owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the sale, the insider now directly owns 44,581 shares in the company, valued at approximately $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $133,000. Tower Research Capital LLC TRC lifted its stake in Vulcan Materials by 1,140.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after buying an additional 1,334 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Vulcan Materials in the 4th quarter valued at approximately $200,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at approximately $205,000. Finally, Cetera Advisor Networks LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at approximately $208,000. 91.61% of the stock is currently owned by institutional investors and hedge funds.
Vulcan Materials (NYSE:VMC) opened at $121.20 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.80 and a current ratio of 2.66. Vulcan Materials has a 52-week low of $108.95 and a 52-week high of $141.20. The stock has a market capitalization of $16,300.00, a P/E ratio of 55.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.95.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.28 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 0.92%. Vulcan Materials’s payout ratio is 50.91%.
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About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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