Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Valmont Industries (VMI) Share Price
Media headlines about Valmont Industries (NYSE:VMI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valmont Industries earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.0622017245585 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Valmont Industries (NYSE:VMI) opened at 158.75 on Thursday. The company has a market cap of $3.59 billion, a P/E ratio of 19.66 and a beta of 0.98. Valmont Industries has a one year low of $120.65 and a one year high of $165.20. The company has a 50 day moving average of $148.00 and a 200-day moving average of $150.42.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The firm had revenue of $712.70 million for the quarter, compared to analyst estimates of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. Valmont Industries’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. On average, equities analysts expect that Valmont Industries will post $7.09 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.95%. Valmont Industries’s payout ratio is presently 18.59%.
VMI has been the subject of several research reports. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Boenning Scattergood reissued an “outperform” rating on shares of Valmont Industries in a report on Tuesday, September 5th. Seaport Global Securities initiated coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective for the company. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a report on Friday, July 14th. One equities research 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. The stock presently has an average rating of “Hold” and a consensus target price of $165.33.
Valmont Industries Company Profile
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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