Wall Street analysts forecast that Vulcan Materials (NYSE:VMC) will post sales of $1.24 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Vulcan Materials’ earnings, with the lowest sales estimate coming in at $1.22 billion and the highest estimate coming in at $1.27 billion. Vulcan Materials posted sales of $1.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The business is expected to announce its next earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Vulcan Materials will report full year sales of $4.39 billion for the current financial year, with estimates ranging from $4.36 billion to $4.42 billion. For the next financial year, analysts anticipate that the business will report sales of $4.83 billion, with estimates ranging from $4.76 billion to $4.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vulcan Materials.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.14). Vulcan Materials had a net margin of 15.72% and a return on equity of 9.46%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. Vulcan Materials’s quarterly revenue was up 16.4% compared to the same quarter last year.

VMC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “buy” rating and set a $138.00 price target on the stock in a research report on Tuesday, July 24th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Wednesday, August 1st. Argus reduced their price target on shares of Vulcan Materials to $122.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Stephens set a $125.00 price target on shares of Vulcan Materials and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Barclays reiterated a “buy” rating and set a $132.00 price target on shares of Vulcan Materials in a research report on Thursday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $125.80.

Large investors have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC boosted its stake in Vulcan Materials by 90.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock worth $124,000 after acquiring an additional 455 shares in the last quarter. Smithfield Trust Co. boosted its stake in Vulcan Materials by 160.5% during the second quarter. Smithfield Trust Co. now owns 1,201 shares of the construction company’s stock worth $155,000 after acquiring an additional 740 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Vulcan Materials during the second quarter worth about $194,000. Advisor Partners LLC bought a new stake in Vulcan Materials during the second quarter worth about $201,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Vulcan Materials during the second quarter worth about $205,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE VMC opened at $92.84 on Monday. Vulcan Materials has a 1 year low of $92.79 and a 1 year high of $141.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.46. The stock has a market cap of $12.28 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.05 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 20th. Vulcan Materials’s payout ratio is currently 36.84%.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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