US Concrete (USCR) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about US Concrete (NASDAQ:USCR) has trended somewhat positive this week, Alpha One reports. The research group, a division of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. US Concrete earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave news headlines about the construction company an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Alpha One Sentiment’s rankings:

USCR has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a research report on Friday, March 10th. TheStreet lowered shares of US Concrete from a “b+” rating to a “c+” rating in a research report on Tuesday, March 14th. DA Davidson restated a “buy” rating and set a $80.00 target price on shares of US Concrete in a research report on Friday, March 3rd. Finally, Stifel Nicolaus upped their target price on shares of US Concrete to $76.00 in a research report on Wednesday, March 1st. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. US Concrete has an average rating of “Buy” and an average price target of $80.40.

Shares of US Concrete (NASDAQ:USCR) opened at 68.25 on Friday. The firm has a 50 day moving average of $64.94 and a 200 day moving average of $63.14. The stock has a market cap of $1.06 billion, a P/E ratio of 43.83 and a beta of 1.19. US Concrete has a one year low of $42.82 and a one year high of $71.85.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.44. The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $274.88 million. US Concrete had a return on equity of 27.73% and a net margin of 4.41%. US Concrete’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, equities research analysts predict that US Concrete will post $3.74 EPS for the current fiscal year.

In other news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $63.21, for a total value of $410,865.00. Following the completion of the sale, the chief executive officer now directly owns 443,892 shares of the company’s stock, valued at approximately $28,058,413.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark Baker Peabody sold 3,000 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $69.84, for a total value of $209,520.00. Following the sale, the vice president now directly owns 27,091 shares of the company’s stock, valued at $1,892,035.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,707 shares of company stock valued at $2,007,030. 6.90% of the stock is currently owned by company insiders.

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US Concrete Company Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

12 Month Chart for NASDAQ:USCR

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