Wall Street analysts expect Valmont Industries, Inc. (NYSE:VMI) to post earnings of $2.34 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Valmont Industries’ earnings, with the highest EPS estimate coming in at $2.39 and the lowest estimate coming in at $2.24. Valmont Industries reported earnings of $1.82 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The business is expected to issue its next quarterly earnings results on Tuesday, October 22nd.

On average, analysts expect that Valmont Industries will report full-year earnings of $8.25 per share for the current year, with EPS estimates ranging from $8.10 to $8.41. For the next fiscal year, analysts anticipate that the business will report earnings of $9.53 per share, with EPS estimates ranging from $8.75 to $10.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Valmont Industries.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.14). The company had revenue of $700.90 million during the quarter, compared to analysts’ expectations of $725.44 million. Valmont Industries had a return on equity of 14.86% and a net margin of 3.61%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.98 EPS.

VMI has been the topic of several recent analyst reports. TheStreet downgraded shares of Valmont Industries from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Stifel Nicolaus raised shares of Valmont Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $153.00 in a research note on Thursday, April 25th. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a research note on Saturday, July 27th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $148.50.

VMI stock traded up $3.45 during trading on Tuesday, hitting $131.56. The company had a trading volume of 101,600 shares, compared to its average volume of 130,931. The firm has a market capitalization of $2.77 billion, a P/E ratio of 17.36, a PEG ratio of 1.51 and a beta of 1.39. Valmont Industries has a 52-week low of $103.01 and a 52-week high of $142.55. The company has a 50 day simple moving average of $130.95 and a 200-day simple moving average of $128.93. The company has a quick ratio of 1.89, a current ratio of 2.71 and a debt-to-equity ratio of 0.68.

In other Valmont Industries news, Director Daas Kaj Den sold 700 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $138.62, for a total transaction of $97,034.00. Following the transaction, the director now owns 11,678 shares of the company’s stock, valued at approximately $1,618,804.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark C. Jaksich sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $137.19, for a total transaction of $1,028,925.00. Following the transaction, the vice president now directly owns 24,187 shares in the company, valued at approximately $3,318,214.53. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VMI. Oakbrook Investments LLC bought a new stake in shares of Valmont Industries in the 1st quarter valued at about $306,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Valmont Industries by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,423 shares of the industrial products company’s stock valued at $966,000 after buying an additional 270 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Valmont Industries by 26.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 304,607 shares of the industrial products company’s stock worth $39,629,000 after purchasing an additional 63,569 shares in the last quarter. BTIM Corp. boosted its stake in Valmont Industries by 23.3% in the 1st quarter. BTIM Corp. now owns 151,112 shares of the industrial products company’s stock worth $19,660,000 after purchasing an additional 28,528 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Valmont Industries in the 1st quarter worth approximately $322,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States 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, 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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