Equities research analysts expect Valmont Industries, Inc. (NYSE:VMI) to report $866.30 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Valmont Industries’ earnings, with the lowest sales estimate coming in at $859.80 million and the highest estimate coming in at $872.80 million. Valmont Industries posted sales of $733.97 million during the same quarter last year, which suggests a positive year over year growth rate of 18%. The business is expected to report its next earnings report on Wednesday, October 20th.
On average, analysts expect that Valmont Industries will report full-year sales of $3.43 billion for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $3.68 billion, with estimates ranging from $3.64 billion to $3.73 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Valmont Industries.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 20th. The industrial products company reported $3.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.56. Valmont Industries had a return on equity of 16.93% and a net margin of 6.01%. The company had revenue of $894.63 million for the quarter, compared to analyst estimates of $815.05 million. During the same quarter last year, the firm earned $2.00 EPS. Valmont Industries’s revenue for the quarter was up 29.9% compared to the same quarter last year.
Valmont Industries stock opened at $239.58 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.13 and a quick ratio of 1.34. The company has a market capitalization of $5.08 billion, a PE ratio of 26.68 and a beta of 1.20. Valmont Industries has a one year low of $117.36 and a one year high of $265.09. The business has a 50 day simple moving average of $239.38 and a 200 day simple moving average of $239.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, September 24th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 23rd. This represents a $2.00 annualized dividend and a yield of 0.83%. Valmont Industries’s payout ratio is 24.45%.
Institutional investors and hedge funds have recently modified their holdings of the business. Telemark Asset Management LLC bought a new position in Valmont Industries in the 1st quarter valued at $19,014,000. Davy Global Fund Management Ltd increased its stake in shares of Valmont Industries by 70.0% in the 2nd quarter. Davy Global Fund Management Ltd now owns 15,249 shares of the industrial products company’s stock valued at $3,600,000 after buying an additional 6,277 shares during the period. Northern Trust Corp increased its stake in shares of Valmont Industries by 5.7% in the 1st quarter. Northern Trust Corp now owns 175,169 shares of the industrial products company’s stock valued at $41,633,000 after buying an additional 9,504 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Valmont Industries by 8.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 4,065 shares of the industrial products company’s stock valued at $960,000 after buying an additional 300 shares during the period. Finally, Advisor Partners LLC acquired a new stake in shares of Valmont Industries in the 1st quarter valued at $235,000. Hedge funds and other institutional investors own 86.02% of the company’s stock.
About Valmont Industries
Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.
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