Equities analysts expect U S Concrete, Inc. (NASDAQ:USCR) to post $355.46 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for U S Concrete’s earnings, with the highest sales estimate coming in at $365.00 million and the lowest estimate coming in at $345.85 million. U S Concrete reported sales of $318.78 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that U S Concrete will report full year sales of $355.46 million for the current year, with estimates ranging from $1.34 billion to $1.37 billion. For the next financial year, analysts expect that the firm will post sales of $1.52 billion per share, with estimates ranging from $1.48 billion to $1.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). The firm had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. U S Concrete’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS.
WARNING: This story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://weekherald.com/2017/12/04/355-46-million-in-sales-expected-for-u-s-concrete-inc-uscr-this-quarter.html.
Shares of U S Concrete (NASDAQ USCR) traded up $0.40 on Wednesday, hitting $77.50. 306,713 shares of the company traded hands, compared to its average volume of 249,411. U S Concrete has a 12 month low of $56.15 and a 12 month high of $83.85. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $1,290.00, a P/E ratio of 26.51, a P/E/G ratio of 2.54 and a beta of 1.32.
In other news, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the transaction, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction on Friday, September 1st. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16. Following the transaction, the vice president now owns 10,804 shares in the company, valued at approximately $881,174.24. The disclosure for this sale can be found here. Insiders sold 8,061 shares of company stock worth $614,718 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of U S Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after acquiring an additional 177 shares during the last quarter. Crow Point Partners LLC purchased a new position in shares of U S Concrete during the 2nd quarter worth $147,000. Pinebridge Investments L.P. boosted its stake in shares of U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after acquiring an additional 53 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of U S Concrete during the 2nd quarter worth $196,000. Finally, ARP Americas LLC purchased a new position in shares of U S Concrete during the 2nd quarter worth $212,000.
About U S Concrete
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.