Analysts Expect Vulcan Materials (NYSE:VMC) to Announce $1.68 Earnings Per Share

Analysts expect that Vulcan Materials (NYSE:VMC) will report earnings per share of $1.68 for the current quarter, according to Zacks. Five analysts have made estimates for Vulcan Materials’ earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.66. Vulcan Materials posted earnings per share of $1.40 in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.

On average, analysts expect that Vulcan Materials will report full-year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.77 to $4.90. For the next financial year, analysts expect that the firm will post earnings of $5.70 per share, with EPS estimates ranging from $5.53 to $6.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Vulcan Materials.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share.

VMC has been the topic of a number of research reports. Barclays boosted their price objective on shares of Vulcan Materials from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Argus set a $152.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Nomura boosted their target price on shares of Vulcan Materials from $165.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada boosted their target price on shares of Vulcan Materials from $142.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.00.

In other Vulcan Materials news, insider Stanley G. Bass sold 6,207 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now directly owns 53,813 shares in the company, valued at $7,307,805.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stanley G. Bass sold 2,184 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $149.93, for a total transaction of $327,447.12. Following the completion of the transaction, the insider now owns 35,263 shares in the company, valued at $5,286,981.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,797 shares of company stock worth $1,511,865. 0.79% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. NuWave Investment Management LLC increased its holdings in shares of Vulcan Materials by 809.5% in the second quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Coastal Investment Advisors Inc. increased its holdings in shares of Vulcan Materials by 1,550.0% in the second quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock valued at $27,000 after purchasing an additional 186 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of Vulcan Materials by 136.9% in the second quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of Vulcan Materials by 109.4% in the second quarter. CSat Investment Advisory L.P. now owns 358 shares of the construction company’s stock valued at $49,000 after purchasing an additional 187 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Vulcan Materials in the second quarter valued at $71,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Shares of VMC stock traded up $1.77 during trading on Tuesday, reaching $147.07. The company’s stock had a trading volume of 859,100 shares, compared to its average volume of 975,541. The business has a fifty day moving average price of $144.87 and a 200-day moving average price of $133.26. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. The company has a market cap of $19.22 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. Vulcan Materials has a one year low of $82.52 and a one year high of $152.49.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Wednesday, August 21st were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials’s payout ratio is 30.62%.

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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