Valmont Industries, Inc. (VMI) Issues Earnings Results, Misses Estimates By $0.04 EPS

Valmont Industries, Inc. (NYSE:VMI) issued its earnings results on Wednesday. The industrial products company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04), Bloomberg Earnings reports. Valmont Industries had a net margin of 7.02% and a return on equity of 14.95%. The firm had revenue of $680.78 million during the quarter, compared to analyst estimates of $652.65 million. During the same quarter in the previous year, the business posted $1.48 EPS. Valmont Industries’s revenue was up 11.6% compared to the same quarter last year. Valmont Industries updated its FY17 guidance to $6.90-7.04 EPS.

Valmont Industries (NYSE:VMI) opened at 161.35 on Friday. Valmont Industries has a one year low of $121.05 and a one year high of $165.20. The company has a 50-day moving average price of $154.63 and a 200-day moving average price of $151.38. The firm has a market cap of $3.64 billion, a PE ratio of 19.99 and a beta of 0.99.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, September 28th. Valmont Industries’s payout ratio is currently 17.90%.

VMI has been the topic of a number of research analyst reports. BidaskClub cut Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 target price on shares of Valmont Industries in a report on Friday, July 14th. Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Seaport Global Securities initiated coverage on Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $176.50.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Earnings History for Valmont Industries (NYSE:VMI)

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