Valmont Industries (NYSE:VMI) Releases FY 2019 Earnings Guidance

Valmont Industries (NYSE:VMI) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $8.10-8.70 for the period, compared to the Thomson Reuters consensus estimate of $8.26. The company issued revenue guidance of $2.923-2.95 billion, compared to the consensus revenue estimate of $2.91 billion.

Several brokerages have recently weighed in on VMI. Zacks Investment Research downgraded Valmont Industries from a strong-buy rating to a hold rating and set a $144.00 target price for the company. in a research note on Saturday, July 27th. ValuEngine raised Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. Finally, TheStreet raised Valmont Industries from a c+ rating to a b rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $148.50.

Shares of VMI stock opened at $137.25 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.71 and a quick ratio of 1.89. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.63 and a beta of 1.42. The stock has a 50 day simple moving average of $135.34 and a 200-day simple moving average of $129.51. Valmont Industries has a 1-year low of $103.01 and a 1-year high of $146.46.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.14). Valmont Industries had a net margin of 3.61% and a return on equity of 14.86%. The firm had revenue of $700.90 million during the quarter, compared to analyst estimates of $725.44 million. During the same period in the prior year, the company posted $1.98 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Valmont Industries will post 8.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 26th. Valmont Industries’s dividend payout ratio is currently 19.79%.

In related news, Director Daas Kaj Den sold 700 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $138.62, for a total value of $97,034.00. Following the completion of the transaction, the director now directly owns 11,678 shares of the company’s stock, valued at approximately $1,618,804.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark C. Jaksich sold 7,500 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $137.19, for a total value of $1,028,925.00. Following the completion of the transaction, the vice president now directly owns 24,187 shares of the company’s stock, valued at $3,318,214.53. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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Earnings History and Estimates for Valmont Industries (NYSE:VMI)

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