U S Concrete, Inc. (USCR) Expected to Post Earnings of $1.03 Per Share
Equities analysts expect that U S Concrete, Inc. (NASDAQ:USCR) will post earnings per share of $1.03 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for U S Concrete’s earnings. The highest EPS estimate is $1.26 and the lowest is $0.86. U S Concrete reported earnings of $0.82 per share in the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The firm is scheduled to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that U S Concrete will report full year earnings of $3.61 per share for the current year, with EPS estimates ranging from $3.35 to $4.02. For the next year, analysts anticipate that the company will post earnings of $5.00 per share, with EPS estimates ranging from $4.60 to $5.74. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover U S Concrete.
U S Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same period in the previous year, the business posted $1.19 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year.
USCR has been the topic of a number of recent research reports. BidaskClub lowered U S Concrete from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. lifted their price target on U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, August 15th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.00.
Shares of U S Concrete (USCR) traded down $0.45 during mid-day trading on Monday, hitting $78.95. The stock had a trading volume of 212,600 shares, compared to its average volume of 328,683. U S Concrete has a 12-month low of $55.05 and a 12-month high of $83.85. The firm has a market capitalization of $1,314.47, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35.
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In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the transaction, the chief executive officer now directly owns 412,091 shares of the company’s stock, valued at $31,236,497.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David Andrew Behring sold 361 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the transaction, the vice president now directly owns 10,804 shares in the company, valued at $881,174.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,061 shares of company stock worth $614,718. 5.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its stake in U S Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after buying an additional 177 shares during the period. Crow Point Partners LLC bought a new stake in U S Concrete during the second quarter worth $147,000. Pinebridge Investments L.P. grew its holdings in U S Concrete by 2.8% during the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after buying an additional 53 shares in the last quarter. First Mercantile Trust Co. bought a new stake in U S Concrete during the second quarter worth $196,000. Finally, Aperio Group LLC bought a new stake in U S Concrete during the third quarter worth $210,000.
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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