$1.08 Billion in Sales Expected for Vulcan Materials Company (NYSE:VMC) This Quarter

Analysts predict that Vulcan Materials Company (NYSE:VMC) will announce sales of $1.08 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Vulcan Materials’ earnings. The lowest sales estimate is $1.05 billion and the highest is $1.10 billion. Vulcan Materials posted sales of $956.83 million in the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The company is scheduled to report its next earnings report before the market opens on Wednesday, August 2nd.

On average, analysts expect that Vulcan Materials will report full year sales of $1.08 billion for the current financial year, with estimates ranging from $4.02 billion to $4.09 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.59 billion per share, with estimates ranging from $4.56 billion to $4.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Vulcan Materials.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, May 10th. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $787 million during the quarter, compared to the consensus estimate of $743.79 million. Vulcan Materials had a return on equity of 8.80% and a net margin of 11.61%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research note on Monday, June 19th. Argus raised their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $138.60.

Shares of Vulcan Materials (NYSE VMC) traded up 0.71% during trading on Thursday, hitting $126.19. The stock had a trading volume of 608,851 shares. Vulcan Materials has a 52-week low of $105.71 and a 52-week high of $138.18. The firm has a market cap of $16.68 billion, a PE ratio of 40.45 and a beta of 0.94. The stock has a 50 day moving average of $127.94 and a 200 day moving average of $124.16.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 32.15%.

In related news, VP Ejaz A. Khan sold 2,024 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $40,392.00. Following the completion of the sale, the general counsel now owns 5,292 shares in the company, valued at approximately $698,544. The disclosure for this sale can be found here. Insiders have sold 6,743 shares of company stock valued at $876,515 in the last three months. 0.89% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Vulcan Materials during the first quarter valued at about $105,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Alexandria Capital LLC boosted its stake in shares of Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock valued at $148,000 after buying an additional 300 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after buying an additional 1,201 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Vulcan Materials by 16.2% in the second quarter. Creative Planning now owns 1,765 shares of the construction company’s stock valued at $224,000 after buying an additional 246 shares in the last quarter. Institutional investors own 86.01% of the company’s stock.

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About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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