$1.61 EPS Expected for Vulcan Materials (VMC) This Quarter

Wall Street brokerages forecast that Vulcan Materials (NYSE:VMC) will post $1.61 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Vulcan Materials’ earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.57. Vulcan Materials reported earnings per share of $1.04 during the same quarter last year, which suggests a positive year-over-year growth rate of 54.8%. The company is scheduled to issue its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Vulcan Materials will report full-year earnings of $4.32 per share for the current financial year, with EPS estimates ranging from $4.23 to $4.45. For the next financial year, analysts forecast that the company will report earnings of $5.43 per share, with EPS estimates ranging from $5.30 to $5.64. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Vulcan Materials.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.14). Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.

A number of analysts recently weighed in on VMC shares. Bank of America lowered shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective for the company. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Royal Bank of Canada raised shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Jefferies Financial Group raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Wednesday, August 1st. Finally, ValuEngine lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $131.11.

NYSE:VMC traded down $0.30 during mid-day trading on Monday, reaching $110.04. The company’s stock had a trading volume of 862,400 shares, compared to its average volume of 1,365,173. Vulcan Materials has a 1 year low of $108.17 and a 1 year high of $141.20. The firm has a market cap of $14.62 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Wednesday, August 22nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 36.84%.

In other Vulcan Materials news, VP John R. Mcpherson sold 21,618 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $130.37, for a total transaction of $2,818,338.66. Following the completion of the sale, the vice president now directly owns 102,610 shares of the company’s stock, valued at $13,377,265.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stanley G. Bass sold 4,109 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $130.00, for a total transaction of $534,170.00. Following the sale, the insider now directly owns 31,569 shares of the company’s stock, valued at $4,103,970. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VMC. Morgan Stanley lifted its position in shares of Vulcan Materials by 28.1% during the second quarter. Morgan Stanley now owns 6,119,088 shares of the construction company’s stock valued at $789,730,000 after buying an additional 1,341,129 shares during the last quarter. Fred Alger Management Inc. lifted its position in shares of Vulcan Materials by 56.3% during the second quarter. Fred Alger Management Inc. now owns 2,644,635 shares of the construction company’s stock valued at $341,317,000 after buying an additional 952,138 shares during the last quarter. Millennium Management LLC lifted its position in shares of Vulcan Materials by 210.9% during the second quarter. Millennium Management LLC now owns 1,214,210 shares of the construction company’s stock valued at $156,706,000 after buying an additional 823,657 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Vulcan Materials during the first quarter valued at about $86,495,000. Finally, Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 35.3% during the first quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock valued at $230,251,000 after buying an additional 526,595 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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