Equities analysts predict that Valmont Industries, Inc. (NYSE:VMI) will report earnings of $1.68 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Valmont Industries’ earnings, with estimates ranging from $1.66 to $1.72. Valmont Industries reported earnings per share of $1.61 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The company is scheduled to issue its next earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Valmont Industries will report full year earnings of $6.98 per share for the current fiscal year, with EPS estimates ranging from $6.95 to $7.00. For the next fiscal year, analysts forecast that the business will post earnings of $7.97 per share, with EPS estimates ranging from $7.58 to $8.51. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Valmont Industries.
Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share.
A number of brokerages recently weighed in on VMI. Stifel Nicolaus increased their price target on shares of Valmont Industries from $174.00 to $181.00 and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $176.00.
In related news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. New England Research & Management Inc. bought a new stake in Valmont Industries during the 4th quarter worth approximately $510,000. Public Employees Retirement System of Ohio increased its stake in Valmont Industries by 93.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,613 shares of the industrial products company’s stock worth $2,943,000 after purchasing an additional 8,993 shares in the last quarter. Gofen & Glossberg LLC IL bought a new stake in Valmont Industries during the 3rd quarter worth approximately $209,000. California Public Employees Retirement System increased its stake in Valmont Industries by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 59,730 shares of the industrial products company’s stock worth $9,443,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Valmont Industries by 670.1% during the 3rd quarter. Janus Henderson Group PLC now owns 247,560 shares of the industrial products company’s stock worth $39,139,000 after purchasing an additional 215,412 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.
Shares of Valmont Industries (NYSE VMI) traded up $1.45 during trading hours on Tuesday, hitting $170.55. 60,400 shares of the company were exchanged, compared to its average volume of 115,933. The firm has a market cap of $3,855.74, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. Valmont Industries has a 1-year low of $138.30 and a 1-year high of $176.35.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.88%. Valmont Industries’s dividend payout ratio is 17.90%.
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Valmont Industries Company Profile
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.
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