SunTrust Banks Weighs in on Vulcan Materials’ Q4 2017 Earnings (VMC)
Vulcan Materials (NYSE:VMC) – SunTrust Banks cut their Q4 2017 earnings estimates for Vulcan Materials in a research report issued on Tuesday. SunTrust Banks analyst R. Seth now anticipates that the construction company will post earnings of $0.75 per share for the quarter, down from their previous forecast of $0.87. SunTrust Banks also issued estimates for Vulcan Materials’ Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $1.25 EPS, Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.04 EPS, FY2018 earnings at $3.90 EPS and FY2019 earnings at $4.94 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barclays began coverage on shares of Vulcan Materials in a research report on Tuesday. They issued an “overweight” rating and a $135.00 target price for the company. Jefferies Group set a $114.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup reiterated a “buy” rating and issued a $140.00 target price (down previously from $145.00) on shares of Vulcan Materials in a research report on Monday, October 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.29.
Vulcan Materials (NYSE VMC) opened at $123.11 on Thursday. The stock has a market cap of $16,073.89, a PE ratio of 40.91, a P/E/G ratio of 2.37 and a beta of 0.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.22 and a quick ratio of 3.34. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $136.82.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS.
Large investors have recently bought and sold shares of the company. New England Research & Management Inc. bought a new position in shares of Vulcan Materials during the 3rd quarter valued at about $287,000. Schwab Charles Investment Management Inc. boosted its position in shares of Vulcan Materials by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after purchasing an additional 11,647 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 7.5% during the 2nd quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after purchasing an additional 38,479 shares in the last quarter. Geneva Advisors LLC bought a new position in shares of Vulcan Materials during the 2nd quarter valued at about $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Vulcan Materials by 1.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after purchasing an additional 3,265 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. Vulcan Materials’s dividend payout ratio (DPR) is 34.97%.
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About Vulcan Materials
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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