Equities research analysts expect that US Concrete Inc (NASDAQ:USCR) will post earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for US Concrete’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.36. US Concrete reported earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 14%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 7th.
According to Zacks, analysts expect that US Concrete will report full-year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.71. For the next year, analysts anticipate that the business will post earnings of $3.47 per share, with EPS estimates ranging from $3.23 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover US Concrete.
A number of research analysts have issued reports on USCR shares. DA Davidson restated a “buy” rating and set a $87.00 price target (down previously from $95.00) on shares of US Concrete in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Sidoti started coverage on shares of US Concrete in a research note on Monday, October 15th. They set a “buy” rating on the stock. BidaskClub upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.26.
Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of US Concrete in the 4th quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in US Concrete by 82.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock worth $40,000 after buying an additional 512 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in US Concrete during the third quarter worth $136,000. Cutler Group LP boosted its holdings in US Concrete by 136.2% during the fourth quarter. Cutler Group LP now owns 5,285 shares of the construction company’s stock worth $186,000 after buying an additional 19,867 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in US Concrete during the third quarter worth $208,000.
US Concrete stock traded down $0.13 during mid-day trading on Thursday, reaching $36.49. 186,636 shares of the company traded hands, compared to its average volume of 335,971. The company has a current ratio of 1.28, a quick ratio of 1.10 and a debt-to-equity ratio of 2.08. US Concrete has a fifty-two week low of $27.68 and a fifty-two week high of $79.60. The firm has a market capitalization of $615.76 million, a price-to-earnings ratio of 13.46, a PEG ratio of 1.18 and a beta of 1.30.
US Concrete Company Profile
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.
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