Wall Street analysts expect Vulcan Materials Company (NYSE:VMC) to announce $1.13 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Vulcan Materials’ earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.12 billion. Vulcan Materials posted sales of $1.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The company is scheduled to report its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Vulcan Materials will report full-year sales of $1.13 billion for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $4.39 billion per share, with estimates ranging from $4.37 billion to $4.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Vulcan Materials.
Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $0.90 earnings per share. Vulcan Materials’s revenue was up 7.7% compared to the same quarter last year.
VMC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Jefferies Group LLC set a $114.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, August 22nd. BidaskClub lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $140.00 to $145.00 in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $136.00.
Vulcan Materials (NYSE:VMC) traded up 2.10% during trading on Friday, hitting $115.59. 1,613,627 shares of the stock were exchanged. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 37.22 and a beta of 0.94. The company has a 50-day moving average price of $117.66 and a 200 day moving average price of $122.33. Vulcan Materials has a 1-year low of $105.71 and a 1-year high of $138.18.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.87%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s dividend payout ratio is 32.36%.
In other Vulcan Materials news, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the transaction, the insider now directly owns 2,857 shares in the company, valued at approximately $347,154.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the transaction, the insider now owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $105,000. Sun Life Financial INC boosted its stake in Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after purchasing an additional 960 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Vulcan Materials by 25.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after purchasing an additional 200 shares during the period. Korea Investment CORP boosted its stake in Vulcan Materials by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after purchasing an additional 718 shares during the period. Finally, Schroder Investment Management Group bought a new position in Vulcan Materials in the 2nd quarter worth approximately $187,000. Institutional investors and hedge funds own 87.13% of the company’s stock.
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Vulcan Materials Company Profile
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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