U S Concrete, Inc. (NASDAQ:USCR) Expected to Post Earnings of $1.53 Per Share
Equities analysts forecast that U S Concrete, Inc. (NASDAQ:USCR) will post $1.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for U S Concrete’s earnings, with estimates ranging from $1.42 to $1.62. U S Concrete posted earnings of $1.09 per share during the same quarter last year, which suggests a positive year over year growth rate of 40.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that U S Concrete will report full year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.73 to $4.03. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.45 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover U S Concrete.
U S Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. The firm had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS.
Several research firms recently commented on USCR. BidaskClub downgraded U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. raised their target price on U S Concrete to $92.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet upgraded U S Concrete from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research upgraded U S Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $82.25.
In related news, VP Jeffrey W. Roberts sold 2,394 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $68.00, for a total transaction of $162,792.00. Following the completion of the transaction, the vice president now owns 34,422 shares in the company, valued at approximately $2,340,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $78.91, for a total value of $512,915.00. Following the transaction, the chief executive officer now owns 434,069 shares of the company’s stock, valued at approximately $34,252,384.79. The disclosure for this sale can be found here. Insiders have sold a total of 23,044 shares of company stock valued at $1,701,933 in the last 90 days. 5.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC increased its position in shares of U S Concrete by 122.4% in the first quarter. Essex Investment Management Co. LLC now owns 35,730 shares of the construction company’s stock valued at $2,306,000 after buying an additional 19,664 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of U S Concrete by 3.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 315,368 shares of the construction company’s stock valued at $20,357,000 after buying an additional 10,300 shares during the last quarter. Investment Counselors of Maryland LLC increased its position in shares of U S Concrete by 8.3% in the first quarter. Investment Counselors of Maryland LLC now owns 326,070 shares of the construction company’s stock valued at $21,048,000 after buying an additional 25,100 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of U S Concrete during the first quarter valued at about $5,810,000. Finally, New Jersey Better Educational Savings Trust acquired a new position in shares of U S Concrete during the first quarter valued at about $516,000.
Shares of U S Concrete (USCR) traded down 2.13% on Thursday, reaching $75.70. The company had a trading volume of 344,497 shares. The company’s 50-day moving average is $78.01 and its 200 day moving average is $69.02. The firm has a market capitalization of $1.19 billion, a PE ratio of 47.97 and a beta of 1.22. U S Concrete has a 12 month low of $42.82 and a 12 month high of $80.45.
U S Concrete Company Profile
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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