$0.96 Earnings Per Share Expected for US Concrete Inc (NASDAQ:USCR) This Quarter

Analysts expect US Concrete Inc (NASDAQ:USCR) to post $0.96 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for US Concrete’s earnings. The lowest EPS estimate is $0.70 and the highest is $1.21. US Concrete posted earnings per share of $1.08 during the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The business is expected to report its next earnings results before the market opens on Friday, August 9th.

On average, analysts expect that US Concrete will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.12. For the next fiscal year, analysts forecast that the company will report earnings of $3.93 per share, with EPS estimates ranging from $3.75 to $4.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for US Concrete.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). US Concrete had a net margin of 2.06% and a return on equity of 8.76%. The company had revenue of $333.10 million for the quarter, compared to analyst estimates of $342.80 million. During the same quarter in the prior year, the company posted ($0.23) EPS. US Concrete’s revenue for the quarter was up 1.6% on a year-over-year basis.

Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of US Concrete from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Stifel Nicolaus lowered shares of US Concrete from a “buy” rating to a “hold” rating and upped their price objective for the company from $51.00 to $53.00 in a report on Thursday, July 18th. Zacks Investment Research reiterated a “sell” rating on shares of US Concrete in a report on Saturday, July 27th. BidaskClub lowered shares of US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Finally, SunTrust Banks lowered shares of US Concrete from a “positive” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.60.

Shares of NASDAQ USCR traded up $0.21 during trading on Thursday, hitting $42.88. 3,442 shares of the company traded hands, compared to its average volume of 183,798. The firm has a fifty day moving average of $48.56. US Concrete has a fifty-two week low of $27.68 and a fifty-two week high of $54.95. The firm has a market cap of $709.18 million, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.25 and a quick ratio of 1.06.

In related news, SVP Paul M. Jolas sold 5,053 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $46.47, for a total value of $234,812.91. Following the sale, the senior vice president now owns 18,781 shares in the company, valued at approximately $872,753.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John E. Kunz sold 1,982 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $47.33, for a total transaction of $93,808.06. Following the completion of the sale, the chief financial officer now owns 12,592 shares in the company, valued at approximately $595,979.36. The disclosure for this sale can be found here. Insiders sold a total of 12,348 shares of company stock worth $575,618 in the last 90 days. 4.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of USCR. Steward Partners Investment Advisory LLC acquired a new stake in shares of US Concrete in the 2nd quarter worth about $29,000. Meeder Asset Management Inc. purchased a new stake in US Concrete in the 2nd quarter valued at about $61,000. Advisory Services Network LLC increased its stake in US Concrete by 20.2% in the 1st quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock valued at $103,000 after buying an additional 420 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in US Concrete by 55,716.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,349 shares of the construction company’s stock valued at $139,000 after buying an additional 3,343 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in US Concrete in the 2nd quarter valued at about $171,000. Institutional investors own 95.33% of the company’s stock.

US Concrete Company Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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