Valmont Industries (NYSE:VMI) Announces Quarterly Earnings Results, Beats Estimates By $0.56 EPS

Valmont Industries (NYSE:VMI) posted its quarterly earnings data on Tuesday. The industrial products company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.50 by $0.56, MarketWatch Earnings reports. Valmont Industries had a return on equity of 15.61% and a net margin of 5.10%. The business had revenue of $894.63 million for the quarter, compared to the consensus estimate of $815.05 million. During the same quarter in the prior year, the business earned $2.00 earnings per share. Valmont Industries’s revenue for the quarter was up 29.9% on a year-over-year basis.

VMI traded down $3.75 during trading on Thursday, reaching $225.95. The stock had a trading volume of 582 shares, compared to its average volume of 89,878. The stock has a market capitalization of $4.80 billion, a PE ratio of 31.78 and a beta of 1.18. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. Valmont Industries has a one year low of $117.36 and a one year high of $265.09. The firm’s 50-day moving average is $237.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Friday, June 25th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 24th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Valmont Industries’s dividend payout ratio is presently 24.45%.

VMI has been the topic of several research analyst reports. DA Davidson upped their price objective on Valmont Industries from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, April 23rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Valmont Industries from a “hold” rating to a “sell” rating and set a $242.00 price target on the stock. in a report on Wednesday, April 21st. Finally, Boenning Scattergood raised shares of Valmont Industries from a “neutral” rating to an “outperform” rating and set a $350.00 price target on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Valmont Industries currently has an average rating of “Hold” and a consensus price target of $240.00.

In related news, EVP Aaron M. Schapper sold 1,004 shares of the stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $251.00, for a total value of $252,004.00. Following the transaction, the executive vice president now owns 7,480 shares of the company’s stock, valued at $1,877,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate insiders.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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Earnings History for Valmont Industries (NYSE:VMI)

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