Equities research analysts predict that Valmont Industries, Inc. (NYSE:VMI) will post $1.89 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Valmont Industries’ earnings, with the highest EPS estimate coming in at $1.90 and the lowest estimate coming in at $1.87. Valmont Industries reported earnings per share of $1.67 in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The company is expected to issue its next earnings report on Wednesday, February 20th.
On average, analysts expect that Valmont Industries will report full-year earnings of $7.57 per share for the current financial year, with EPS estimates ranging from $7.55 to $7.60. For the next financial year, analysts anticipate that the firm will post earnings of $8.58 per share, with EPS estimates ranging from $8.19 to $8.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Valmont Industries.
Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 23rd. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.04. Valmont Industries had a net margin of 2.63% and a return on equity of 14.39%. The business had revenue of $678.63 million for the quarter, compared to analyst estimates of $677.34 million. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Valmont Industries’s revenue was down .3% compared to the same quarter last year.
In other Valmont Industries news, SVP John A. Kehoe sold 3,059 shares of Valmont Industries stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $137.50, for a total transaction of $420,612.50. Following the sale, the senior vice president now owns 2,911 shares in the company, valued at $400,262.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Valmont Industries by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 583,093 shares of the industrial products company’s stock worth $87,901,000 after buying an additional 28,657 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at $946,000. Royce & Associates LP boosted its stake in shares of Valmont Industries by 1.5% in the 3rd quarter. Royce & Associates LP now owns 702,160 shares of the industrial products company’s stock valued at $97,249,000 after purchasing an additional 10,202 shares in the last quarter. Robecosam AG boosted its stake in shares of Valmont Industries by 2.4% in the 2nd quarter. Robecosam AG now owns 147,268 shares of the industrial products company’s stock valued at $22,127,000 after purchasing an additional 3,388 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at $625,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.
Shares of VMI stock opened at $120.87 on Tuesday. Valmont Industries has a 1 year low of $111.83 and a 1 year high of $171.55. The firm has a market cap of $2.76 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.40 and a current ratio of 3.40.
Valmont Industries announced that its board has authorized a share buyback program on Wednesday, October 31st that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. Valmont Industries’s dividend payout ratio is currently 21.52%.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
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