U S Concrete, Inc. (NASDAQ:USCR) posted its quarterly earnings results on Friday. The construction company reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47), Bloomberg Earnings reports. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The company had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same period last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Shares of U S Concrete (USCR) traded up $0.35 during midday trading on Friday, reaching $77.80. 483,670 shares of the company were exchanged, compared to its average volume of 208,793. The stock has a market capitalization of $1,237.91, a price-to-earnings ratio of 24.48 and a beta of 1.32.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/u-s-concrete-inc-uscr-posts-earnings-results-misses-estimates-by-0-47-eps/1676229.html.

In related news, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total value of $492,700.00. Following the sale, the chief executive officer now directly owns 412,091 shares of the company’s stock, valued at approximately $31,236,497.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David Andrew Behring sold 361 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the sale, 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 three months, insiders sold 8,061 shares of company stock worth $614,718. 5.90% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on USCR. Citigroup Inc. upped their price target on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of 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. BidaskClub cut shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. U S Concrete currently has a consensus rating of “Buy” and an average price target of $89.00.

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.

Earnings History for U S Concrete (NASDAQ:USCR)

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