Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Valmont Industries (VMI) Share Price
News articles about Valmont Industries (NYSE:VMI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valmont Industries earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.5878676315557 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Valmont Industries (VMI) and Headwaters (HW) Head to Head Contrast (americanbankingnews.com)
- Valmont Industries (VMI) Reports Sale of Mining Consumables Business (streetinsider.com)
- Valmont Industries : Announces Sale of Mining Consumables Business (4-traders.com)
- BidaskClub Lowers Valmont Industries, Inc. (VMI) to Strong Sell (americanbankingnews.com)
- Valmont to Divest Mining Consumables Business to Moly-Cop (finance.yahoo.com)
Valmont Industries (NYSE VMI) opened at 143.20 on Tuesday. The stock’s 50 day moving average price is $150.84 and its 200-day moving average price is $150.69. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 17.74 and a beta of 0.97. Valmont Industries has a 12 month low of $120.65 and a 12 month high of $165.20.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities analysts expect that Valmont Industries will post $7.09 EPS for the current year.
A number of brokerages have issued reports on VMI. Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a research note on Friday, July 14th. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Monday, May 29th. Finally, BidaskClub lowered Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $168.00.
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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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