Vulcan Materials (NYSE:VMC) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Vulcan Materials (NYSE:VMC) posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02, Bloomberg Earnings reports. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The firm had revenue of $977.50 million during the quarter, compared to analyst estimates of $929.36 million. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Vulcan Materials updated its FY18 guidance to $4.00-4.65 EPS.
Shares of Vulcan Materials (VMC) opened at $120.99 on Tuesday. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.80 and a current ratio of 2.66. The firm has a market capitalization of $16,000.00, a PE ratio of 55.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.28 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. Vulcan Materials’s dividend payout ratio (DPR) is presently 50.91%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $133,000. Tower Research Capital LLC TRC increased its holdings in shares of Vulcan Materials by 1,140.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock worth $187,000 after buying an additional 1,334 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $200,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $205,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.
Several research firms recently issued reports on VMC. Jefferies Group reissued a “hold” rating and set a $135.00 price objective on shares of Vulcan Materials in a research note on Wednesday, January 17th. Barclays began coverage on Vulcan Materials in a research note on Tuesday, December 12th. They set an “overweight” rating and a $135.00 price objective for the company. SunTrust Banks set a $145.00 price objective on Vulcan Materials and gave the company a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, Citigroup reissued a “buy” rating and set a $144.00 price objective on shares of Vulcan Materials in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $145.11.
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Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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