Equities Analysts Offer Predictions for Valmont Industries, Inc.’s Q3 2017 Earnings (VMI)
Valmont Industries, Inc. (NYSE:VMI) – Research analysts at Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for shares of Valmont Industries in a report released on Wednesday. Seaport Global Securities analyst M. Shlisky forecasts that the industrial products company will post earnings per share of $1.55 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $160.00 target price on the stock. Seaport Global Securities also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.81 EPS, FY2017 earnings at $7.08 EPS, Q1 2018 earnings at $1.87 EPS, Q2 2018 earnings at $2.10 EPS, Q3 2018 earnings at $1.87 EPS, Q4 2018 earnings at $2.27 EPS, FY2018 earnings at $8.12 EPS and FY2019 earnings at $9.12 EPS.
Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The company had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $668.06 million. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.
A number of other analysts have also recently weighed in on VMI. Boenning Scattergood reaffirmed an “outperform” rating on shares of Valmont Industries in a research report on Tuesday, September 5th. BidaskClub lowered shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $171.00 target price on shares of Valmont Industries in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Valmont Industries presently has an average rating of “Hold” and an average target price of $165.33.
Valmont Industries (NYSE VMI) opened at 146.55 on Friday. Valmont Industries has a 1-year low of $120.65 and a 1-year high of $165.20. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.15 and a beta of 0.98. The firm’s 50-day moving average price is $148.85 and its 200-day moving average price is $150.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, September 28th. Valmont Industries’s dividend payout ratio is presently 18.59%.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Valmont Industries by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock valued at $279,669,000 after buying an additional 90,745 shares during the last quarter. BlackRock Inc. grew its position in shares of Valmont Industries by 13,061.6% during the 1st quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock valued at $274,432,000 after buying an additional 1,751,426 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Valmont Industries by 1.7% during the 1st quarter. Neuberger Berman Group LLC now owns 1,377,502 shares of the industrial products company’s stock valued at $214,201,000 after buying an additional 23,156 shares during the last quarter. State Street Corp grew its position in shares of Valmont Industries by 1.6% during the 1st quarter. State Street Corp now owns 592,014 shares of the industrial products company’s stock valued at $92,059,000 after buying an additional 9,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Valmont Industries by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,399 shares of the industrial products company’s stock valued at $79,496,000 after buying an additional 18,865 shares during the last quarter. 83.98% of the stock is owned by institutional investors and hedge funds.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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