Wall Street analysts predict that Valmont Industries, Inc. (NYSE:VMI) will report $682.91 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Valmont Industries’ earnings, with the highest sales estimate coming in at $685.82 million and the lowest estimate coming in at $680.00 million. Valmont Industries posted sales of $698.68 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The business is expected to announce its next quarterly earnings results on Wednesday, April 17th.
On average, analysts expect that Valmont Industries will report full-year sales of $2.89 billion for the current fiscal year, with estimates ranging from $2.80 billion to $2.94 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.07 billion, with estimates ranging from $3.02 billion to $3.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Valmont Industries.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.03). The company had revenue of $697.40 million during the quarter, compared to analyst estimates of $713.02 million. Valmont Industries had a return on equity of 14.39% and a net margin of 2.63%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share.
NYSE:VMI traded down $2.69 during trading hours on Thursday, reaching $136.66. The company had a trading volume of 277,887 shares, compared to its average volume of 129,757. The company has a current ratio of 3.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.67 and a beta of 1.25. Valmont Industries has a twelve month low of $103.01 and a twelve month high of $157.15.
Valmont Industries declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 31st that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Bank of Australia grew its holdings in shares of Valmont Industries by 3.7% during the fourth quarter. Commonwealth Bank of Australia now owns 2,800 shares of the industrial products company’s stock valued at $310,000 after buying an additional 100 shares during the last quarter. Comerica Bank grew its holdings in shares of Valmont Industries by 0.8% during the fourth quarter. Comerica Bank now owns 14,958 shares of the industrial products company’s stock valued at $1,886,000 after buying an additional 116 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in shares of Valmont Industries by 0.5% during the third quarter. WealthPLAN Partners LLC now owns 25,610 shares of the industrial products company’s stock valued at $3,158,000 after buying an additional 140 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Valmont Industries by 1.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,356 shares of the industrial products company’s stock valued at $1,375,000 after buying an additional 193 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Valmont Industries by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,402 shares of the industrial products company’s stock valued at $156,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.
Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
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