Analysts expect that Vulcan Materials (NYSE:VMC) will report $909.97 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Vulcan Materials’ earnings. The lowest sales estimate is $894.95 million and the highest is $942.18 million. Vulcan Materials posted sales of $854.47 million in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The business is expected to announce its next earnings results before the market opens on Thursday, May 2nd.
On average, analysts expect that Vulcan Materials will report full year sales of $4.80 billion for the current year, with estimates ranging from $4.66 billion to $4.86 billion. For the next financial year, analysts forecast that the business will report sales of $5.19 billion, with estimates ranging from $5.06 billion to $5.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Vulcan Materials.
Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, February 14th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Vulcan Materials had a net margin of 11.77% and a return on equity of 10.71%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis.
Shares of VMC stock opened at $121.75 on Friday. Vulcan Materials has a 12-month low of $82.52 and a 12-month high of $133.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.79. The company has a market capitalization of $16.34 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.78 and a beta of 0.93.
In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the transaction, the insider now directly owns 4,340 shares in the company, valued at $495,975.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $25,000. JOYN Advisors Inc. raised its position in shares of Vulcan Materials by 273.0% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after purchasing an additional 202 shares during the period. Ipswich Investment Management Co. Inc. bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $34,000. First Personal Financial Services raised its position in shares of Vulcan Materials by 74.5% during the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after purchasing an additional 146 shares during the period. Finally, Somerset Trust Co bought a new stake in shares of Vulcan Materials during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 95.88% of the company’s stock.
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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