$947.39 Million in Sales Expected for Vulcan Materials Company (VMC) This Quarter

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%.

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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).

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

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