Equities research analysts expect Valmont Industries, Inc. (NYSE:VMI) to report $731.67 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Valmont Industries’ earnings, with the lowest sales estimate coming in at $729.00 million and the highest estimate coming in at $735.40 million. Valmont Industries posted sales of $682.41 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is scheduled to report its next quarterly earnings report on Monday, July 22nd.
On average, analysts expect that Valmont Industries will report full year sales of $2.95 billion for the current year, with estimates ranging from $2.94 billion to $2.96 billion. For the next year, analysts anticipate that the business will report sales of $3.09 billion, with estimates ranging from $3.06 billion to $3.14 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Valmont Industries.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.67 by $0.17. The company had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $683.66 million. Valmont Industries had a net margin of 3.33% and a return on equity of 14.70%. Valmont Industries’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. Fort L.P. purchased a new position in Valmont Industries in the 1st quarter worth approximately $26,000. Quadrant Capital Group LLC grew its stake in Valmont Industries by 1,952.6% in the 1st quarter. Quadrant Capital Group LLC now owns 390 shares of the industrial products company’s stock worth $49,000 after buying an additional 371 shares in the last quarter. Pinnacle Bank purchased a new position in Valmont Industries in the 4th quarter worth approximately $72,000. Cullen Frost Bankers Inc. purchased a new position in Valmont Industries in the 1st quarter worth approximately $78,000. Finally, Citigroup Inc. grew its stake in Valmont Industries by 1,228.8% in the 1st quarter. Citigroup Inc. now owns 784 shares of the industrial products company’s stock worth $102,000 after buying an additional 725 shares in the last quarter. 86.75% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:VMI opened at $121.55 on Thursday. The company has a market cap of $2.62 billion, a P/E ratio of 16.04, a PEG ratio of 1.40 and a beta of 1.28. Valmont Industries has a 12 month low of $103.01 and a 12 month high of $157.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.05.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
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