Wall Street brokerages expect Vulcan Materials (NYSE:VMC) to post sales of $1.31 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Vulcan Materials’ earnings. The lowest sales estimate is $1.28 billion and the highest is $1.33 billion. Vulcan Materials reported sales of $1.20 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Vulcan Materials will report full-year sales of $4.87 billion for the current year, with estimates ranging from $4.75 billion to $4.94 billion. For the next year, analysts anticipate that the company will post sales of $5.25 billion, with estimates ranging from $5.13 billion to $5.35 billion. Zacks’ sales calculations 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 Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.13. The business had revenue of $996.50 million during the quarter, compared to the consensus estimate of $915.68 million. Vulcan Materials had a return on equity of 10.60% and a net margin of 11.63%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS.
Several research analysts recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 3,620 ($47.30) price objective on shares of Bellway in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. downgraded VESTAS WIND SYS/ADR from a “neutral” rating to an “underweight” rating in a research note on Thursday, March 21st. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Stifel Nicolaus set a $27.00 price objective on Amarin and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Barclays reissued a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $127.93.
In other Vulcan Materials news, VP Randy L. Pigg sold 1,754 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $134.96, for a total value of $236,719.84. Following the completion of the sale, the vice president now directly owns 3,034 shares of the company’s stock, valued at approximately $409,468.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael R. Mills sold 1,326 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total value of $180,402.30. Following the completion of the sale, the insider now directly owns 51,713 shares of the company’s stock, valued at $7,035,553.65. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JOYN Advisors Inc. boosted its stake in shares of Vulcan Materials by 273.0% in the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after buying an additional 202 shares in the last quarter. Somerset Trust Co purchased a new stake in shares of Vulcan Materials in the first quarter valued at approximately $44,000. Parallel Advisors LLC boosted its stake in shares of Vulcan Materials by 114.5% in the first quarter. Parallel Advisors LLC now owns 474 shares of the construction company’s stock valued at $56,000 after buying an additional 253 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Vulcan Materials by 21.9% in the fourth quarter. Commonwealth Bank of Australia now owns 624 shares of the construction company’s stock valued at $58,000 after buying an additional 112 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Vulcan Materials in the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 95.82% of the company’s stock.
Shares of VMC stock traded down $0.13 during trading hours on Thursday, hitting $136.79. 35,053 shares of the company’s stock were exchanged, compared to its average volume of 1,101,385. The business’s 50 day moving average price is $132.68. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $140.00. The company has a current ratio of 1.64, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.65 and a beta of 0.93.
About Vulcan Materials
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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