Vulcan Materials (VMC) Expected to Post Quarterly Sales of $1.22 Billion

Wall Street analysts expect Vulcan Materials (NYSE:VMC) to report $1.22 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Vulcan Materials’ earnings, with estimates ranging from $1.20 billion to $1.24 billion. Vulcan Materials posted sales of $1.09 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, October 30th.

On average, analysts expect that Vulcan Materials will report full-year sales of $4.37 billion for the current fiscal year, with estimates ranging from $4.30 billion to $4.42 billion. For the next year, analysts expect that the company will report sales of $4.81 billion, with estimates ranging from $4.69 billion to $4.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Vulcan Materials.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. Vulcan Materials’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share.



Several analysts recently issued reports on VMC shares. DA Davidson set a $118.00 price objective on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Friday, October 12th. Bank of America downgraded shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price target for the company. in a report on Wednesday, July 25th. They noted that the move was a valuation call. Argus reduced their price target on shares of Vulcan Materials to $122.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, ValuEngine downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $123.45.

Shares of NYSE VMC traded down $4.17 during trading hours on Monday, hitting $84.20. 3,795,314 shares of the stock were exchanged, compared to its average volume of 1,366,019. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market cap of $11.69 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.02 and a beta of 0.93. Vulcan Materials has a one year low of $82.52 and a one year high of $141.20.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Wednesday, November 21st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.

A number of institutional investors have recently modified their holdings of VMC. Creative Planning lifted its holdings in shares of Vulcan Materials by 317.1% during the 3rd quarter. Creative Planning now owns 8,125 shares of the construction company’s stock worth $903,000 after acquiring an additional 6,177 shares during the period. First Trust Advisors LP lifted its holdings in shares of Vulcan Materials by 9.7% during the 3rd quarter. First Trust Advisors LP now owns 66,696 shares of the construction company’s stock worth $7,417,000 after acquiring an additional 5,881 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vulcan Materials by 19.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,499,127 shares of the construction company’s stock worth $389,102,000 after acquiring an additional 562,427 shares during the period. Exane Derivatives lifted its holdings in shares of Vulcan Materials by 114.0% during the 3rd quarter. Exane Derivatives now owns 1,778 shares of the construction company’s stock worth $198,000 after acquiring an additional 947 shares during the period. Finally, Arlington Partners LLC bought a new position in shares of Vulcan Materials during the 3rd quarter worth about $111,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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