Vulcan Materials (VMC) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Vulcan Materials (NYSE:VMC) issued its earnings results on Friday. The construction company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company had revenue of $977.50 million during the quarter, compared to the consensus estimate of $929.36 million. During the same period in the previous year, the firm posted $0.69 earnings per share. Vulcan Materials’s quarterly revenue was up 12.0% compared to the same quarter last year. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.

Shares of Vulcan Materials (VMC) traded down $6.90 during trading hours on Friday, reaching $126.57. 3,210,674 shares of the company’s stock traded hands, compared to its average volume of 1,629,803. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. Vulcan Materials has a 52 week low of $108.95 and a 52 week high of $141.20. The firm has a market cap of $16,743.31, a P/E ratio of 28.38, a P/E/G ratio of 1.77 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.28 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, February 22nd. Vulcan Materials’s payout ratio is 22.42%.

In other Vulcan Materials news, insider Michael R. Mills sold 3,738 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $134.56, for a total transaction of $502,985.28. Following the sale, the insider now directly owns 44,581 shares of the company’s stock, valued at approximately $5,998,819.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael R. Mills sold 4,659 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $133.25, for a total transaction of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $133,000. Tower Research Capital LLC TRC boosted its holdings in Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after purchasing an additional 1,334 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Vulcan Materials during the fourth quarter valued at about $200,000. Dorsey & Whitney Trust CO LLC bought a new stake in Vulcan Materials during the fourth quarter valued at about $205,000. Finally, Cetera Advisor Networks LLC bought a new stake in Vulcan Materials during the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

VMC has been the subject of a number of research reports. Jefferies Group lifted their target price on Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup reaffirmed a “buy” rating and issued a $144.00 price target on shares of Vulcan Materials in a report on Tuesday, December 26th. SunTrust Banks set a $145.00 price target on Vulcan Materials and gave the company a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Stephens reaffirmed a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Vulcan Materials presently has an average rating of “Buy” and a consensus price target of $146.00.

TRADEMARK VIOLATION NOTICE: “Vulcan Materials (VMC) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS” was posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://baseballnewssource.com/markets/vulcan-materials-vmc-announces-quarterly-earnings-results-beats-expectations-by-0-02-eps/1888974.html.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Earnings History for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.