Brokerages expect Vulcan Materials (NYSE:VMC) to announce sales of $1.42 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Vulcan Materials’ earnings. The highest sales estimate is $1.43 billion and the lowest is $1.42 billion. Vulcan Materials reported sales of $1.31 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The business is expected to issue its next quarterly earnings results on Thursday, November 4th.
On average, analysts expect that Vulcan Materials will report full year sales of $5.13 billion for the current year, with estimates ranging from $5.09 billion to $5.15 billion. For the next year, analysts anticipate that the firm will report sales of $5.54 billion, with estimates ranging from $5.49 billion to $5.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vulcan Materials.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, August 4th. The construction company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.08). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Vulcan Materials had a return on equity of 10.71% and a net margin of 13.64%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 earnings per share.
NYSE VMC traded down $0.51 during trading hours on Friday, hitting $175.22. 18,259 shares of the stock were exchanged, compared to its average volume of 776,515. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 35.01 and a beta of 0.58. Vulcan Materials has a 12-month low of $124.58 and a 12-month high of $194.17. The stock has a 50-day moving average of $180.79 and a 200 day moving average of $177.53. The company has a quick ratio of 2.92, a current ratio of 3.67 and a debt-to-equity ratio of 0.44.
The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Wednesday, August 18th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, August 17th. This represents a $1.48 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials’s dividend payout ratio (DPR) is currently 31.62%.
In related news, SVP David P. Clement sold 3,716 shares of the firm’s stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $184.34, for a total transaction of $685,007.44. Following the sale, the senior vice president now owns 7,593 shares in the company, valued at $1,399,693.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 33,521 shares of Vulcan Materials stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $185.52, for a total transaction of $6,218,815.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,795 shares of company stock worth $19,874,999. 0.55% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in VMC. NEXT Financial Group Inc boosted its holdings in shares of Vulcan Materials by 135.7% in the 2nd quarter. NEXT Financial Group Inc now owns 165 shares of the construction company’s stock valued at $28,000 after purchasing an additional 95 shares during the last quarter. Bbva USA acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at $35,000. E Fund Management Co. Ltd. acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $39,000. Ameritas Investment Company LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $47,000. Finally, BDO Wealth Advisors LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $52,000. Institutional investors own 87.71% of the company’s stock.
About Vulcan Materials
Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.
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