US Concrete (USCR) Scheduled to Post Earnings on Thursday

US Concrete (NASDAQ:USCR) is set to release its earnings data before the market opens on Thursday, November 1st. Analysts expect US Concrete to post earnings of $1.26 per share for the quarter.

US Concrete (NASDAQ:USCR) last announced its earnings results on Tuesday, August 7th. The construction company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.21). The company had revenue of $404.20 million for the quarter, compared to analyst estimates of $390.55 million. US Concrete had a return on equity of 12.82% and a net margin of 2.34%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. On average, analysts expect US Concrete to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of USCR stock opened at $29.17 on Tuesday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.21 and a current ratio of 1.41. The company has a market cap of $495.96 million, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.90 and a beta of 1.06. US Concrete has a 52 week low of $27.68 and a 52 week high of $86.35.



Several brokerages have commented on USCR. Citigroup dropped their target price on shares of US Concrete from $77.00 to $74.00 and set a “$53.95” rating on the stock in a report on Monday, July 23rd. Zacks Investment Research downgraded shares of US Concrete from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. BidaskClub upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Sidoti assumed coverage on shares of US Concrete in a report on Monday, October 15th. They issued a “buy” rating on the stock. Finally, SunTrust Banks set a $70.00 price objective on shares of US Concrete and gave the company a “buy” rating in a report on Monday, August 6th. Three research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $80.00.

In other US Concrete news, CFO John E. Kunz acquired 1,000 shares of the stock in a transaction dated Thursday, August 9th. The shares were bought at an average cost of $51.76 per share, for a total transaction of $51,760.00. Following the completion of the acquisition, the chief financial officer now directly owns 13,356 shares of the company’s stock, valued at $691,306.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kurt Matthew Cellar acquired 5,000 shares of the stock in a transaction dated Thursday, September 6th. The stock was acquired at an average price of $48.40 per share, for a total transaction of $242,000.00. Following the completion of the acquisition, the director now directly owns 47,309 shares of the company’s stock, valued at $2,289,755.60. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 8,650 shares of company stock worth $424,178 and sold 390 shares worth $17,846. 5.30% of the stock is owned by company insiders.

About US Concrete

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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Earnings History for US Concrete (NASDAQ:USCR)

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