Vulcan Materials (NYSE:VMC) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Vulcan Materials (NYSE:VMC) released its quarterly earnings data on Wednesday. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12), Briefing.com reports. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year.

Vulcan Materials Trading Down 0.1 %

Shares of VMC stock traded down $0.30 on Thursday, hitting $275.93. 750,924 shares of the company’s stock traded hands, compared to its average volume of 833,125. The stock has a market capitalization of $36.44 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.35 and a beta of 0.82. The company’s fifty day simple moving average is $246.87 and its 200 day simple moving average is $252.02. Vulcan Materials has a one year low of $195.70 and a one year high of $279.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMC. Royal Bank of Canada lowered their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Barclays raised their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Loop Capital dropped their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $273.50.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.