Wall Street analysts forecast that Vulcan Materials Company (NYSE:VMC) will report $947.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Vulcan Materials’ earnings. The highest sales estimate is $980.00 million and the lowest is $922.90 million. Vulcan Materials reported sales of $872.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is scheduled to report its next earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that Vulcan Materials will report full year sales of $947.39 million for the current year, with estimates ranging from $3.84 billion to $3.87 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.22 billion per share, with estimates ranging from $4.20 billion to $4.25 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Several brokerages have recently commented on VMC. Jefferies Group LLC boosted their price objective on Vulcan Materials from $122.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Thursday, August 3rd. BidaskClub downgraded Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.00.
Shares of Vulcan Materials (NYSE VMC) traded down $0.59 during midday trading on Friday, hitting $124.09. The stock had a trading volume of 991,000 shares, compared to its average volume of 1,240,722. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $16,414.58, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials’s dividend payout ratio is presently 34.97%.
COPYRIGHT VIOLATION WARNING: “$947.39 Million in Sales Expected for Vulcan Materials Company (VMC) This Quarter” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/11/12/947-39-million-in-sales-expected-for-vulcan-materials-company-vmc-this-quarter.html.
In related news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 2,857 shares in the company, valued at $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. New England Research & Management Inc. purchased a new stake in Vulcan Materials in the third quarter worth $287,000. Schwab Charles Investment Management Inc. grew its stake in shares of Vulcan Materials by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock worth $53,012,000 after acquiring an additional 11,647 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 7.5% in the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock worth $70,207,000 after acquiring an additional 38,479 shares during the last quarter. Geneva Advisors LLC purchased a new stake in shares of Vulcan Materials in the second quarter worth $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Vulcan Materials by 1.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock worth $33,559,000 after acquiring an additional 3,265 shares during the last quarter. 86.75% of the stock is currently owned by institutional investors.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with MarketBeat.com's FREE daily email newsletter.