Equities analysts expect US Concrete Inc (NASDAQ:USCR) to post $426.41 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for US Concrete’s earnings. The highest sales estimate is $433.21 million and the lowest is $422.01 million. US Concrete reported sales of $354.63 million during the same quarter last year, which indicates a positive year over year growth rate of 20.2%. The firm is expected to report its next earnings report on Friday, November 2nd.

On average, analysts expect that US Concrete will report full-year sales of $1.55 billion for the current financial year, with estimates ranging from $1.55 billion to $1.56 billion. For the next year, analysts anticipate that the company will post sales of $1.67 billion, with estimates ranging from $1.64 billion to $1.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow US Concrete.

US Concrete (NASDAQ:USCR) last announced its earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.21). The company had revenue of $404.20 million for the quarter, compared to the consensus estimate of $390.55 million. US Concrete had a net margin of 2.34% and a return on equity of 12.82%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS.

A number of brokerages have recently weighed in on USCR. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson reissued a “buy” rating and set a $87.00 price objective (down previously from $95.00) on shares of US Concrete in a research note on Thursday. BidaskClub lowered shares of US Concrete from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. SunTrust Banks set a $70.00 price objective on shares of US Concrete and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Citigroup dropped their price objective on shares of US Concrete from $77.00 to $74.00 and set a “$53.95” rating on the stock in a research note on Monday, July 23rd. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.00.

Shares of USCR traded up $0.40 during trading hours on Monday, reaching $35.94. 505,761 shares of the company traded hands, compared to its average volume of 383,019. The firm has a market capitalization of $771.10 million, a price-to-earnings ratio of 13.26, a PEG ratio of 1.26 and a beta of 1.06. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 2.27. US Concrete has a 12 month low of $35.46 and a 12 month high of $86.35.

In related news, Chairman William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $51.45, for a total transaction of $463,050.00. Following the sale, the chairman now owns 390,670 shares of the company’s stock, valued at $20,099,971.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kurt Matthew Cellar acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average cost of $48.30 per share, for a total transaction of $96,600.00. Following the purchase, the director now directly owns 45,309 shares of the company’s stock, valued at $2,188,424.70. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,650 shares of company stock worth $424,178 and have sold 9,260 shares worth $476,128. Insiders own 5.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in US Concrete by 9.1% in the second quarter. BlackRock Inc. now owns 2,201,224 shares of the construction company’s stock worth $115,564,000 after buying an additional 184,453 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in US Concrete by 51.9% in the second quarter. Bank of New York Mellon Corp now owns 2,078,115 shares of the construction company’s stock worth $109,101,000 after buying an additional 709,745 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in US Concrete by 446.1% in the second quarter. Hodges Capital Management Inc. now owns 687,255 shares of the construction company’s stock worth $36,081,000 after buying an additional 561,405 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in US Concrete by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 602,860 shares of the construction company’s stock worth $31,650,000 after buying an additional 14,708 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in US Concrete by 2.9% in the second quarter. Tocqueville Asset Management L.P. now owns 451,180 shares of the construction company’s stock worth $23,687,000 after buying an additional 12,525 shares during the last quarter.

About US Concrete

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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