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%.

TRADEMARK VIOLATION WARNING: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/suntrust-banks-weighs-in-on-vulcan-materials-q4-2017-earnings-vmc/1763207.html.

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).

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with Analyst Ratings Network's FREE daily email newsletter.