Valmont Industries, Inc. (NYSE:VMI) will be issuing its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.61 per share for the quarter.
Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts expect Valmont Industries to post $7.09 EPS for the current fiscal year and $7.98 EPS for the next fiscal year.
Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 159.85 on Wednesday. The stock’s 50 day moving average is $151.64 and its 200 day moving average is $151.04. The firm has a market cap of $3.61 billion, a P/E ratio of 19.80 and a beta of 0.99. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 28th. Valmont Industries’s dividend payout ratio is presently 18.59%.
COPYRIGHT VIOLATION WARNING: This news story was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/10/11/valmont-industries-inc-vmi-set-to-announce-quarterly-earnings-on-wednesday.html.
A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a research report on Friday, July 14th. Finally, Seaport Global Securities assumed coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $165.50.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.