Vulcan Materials (NYSE:VMC) announced its quarterly earnings results on Tuesday. The construction company reported $1.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.40, MarketWatch Earnings reports. Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $1.04 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Vulcan Materials updated its FY18 guidance to $3.85-3.95 EPS.
VMC stock traded up $9.86 during trading hours on Tuesday, hitting $94.06. 134,815 shares of the stock were exchanged, compared to its average volume of 1,602,581. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 0.96. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.02 and a beta of 0.93. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $141.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 20th. Vulcan Materials’s payout ratio is 36.84%.
Vulcan Materials Company Profile
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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