Valmont Industries (NYSE:VMI) Issues FY21 Earnings Guidance

Valmont Industries (NYSE:VMI) updated its FY21 earnings guidance on Wednesday. The company provided EPS guidance of $10.40-11.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.92. Valmont Industries also updated its FY 2021 guidance to $10.400-$11.100 EPS.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Valmont Industries from a hold rating to a sell rating and set a $242.00 price objective for the company. in a research report on Wednesday, April 21st. Boenning Scattergood upgraded shares of Valmont Industries from a neutral rating to an outperform rating and set a $350.00 target price for the company in a report on Thursday. Finally, DA Davidson raised their target price on shares of Valmont Industries from $200.00 to $215.00 and gave the stock a neutral rating in a report on Friday, April 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $240.00.

Shares of Valmont Industries stock traded down $4.50 during trading on Thursday, hitting $225.20. The stock had a trading volume of 646 shares, compared to its average volume of 89,878. The company has a fifty day simple moving average of $237.83. The firm has a market capitalization of $4.79 billion, a PE ratio of 31.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 2.37. Valmont Industries has a 12 month low of $117.36 and a 12 month high of $265.09.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, July 20th. The industrial products company reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.56. Valmont Industries had a net margin of 5.10% and a return on equity of 15.61%. The firm had revenue of $894.63 million during the quarter, compared to analyst estimates of $815.05 million. During the same quarter last year, the business earned $2.00 EPS. The business’s revenue was up 29.9% on a year-over-year basis. Analysts forecast that Valmont Industries will post 9.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Friday, June 25th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, June 24th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Valmont Industries’s payout ratio is 24.45%.

In related news, EVP Aaron M. Schapper sold 1,004 shares of Valmont Industries stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $251.00, for a total transaction of $252,004.00. Following the completion of the sale, the executive vice president now owns 7,480 shares in the company, valued at approximately $1,877,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.40% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Denmark, 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, wood, 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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Earnings History and Estimates for Valmont Industries (NYSE:VMI)

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