$355.46 Million in Sales Expected for U S Concrete, Inc. (USCR) This Quarter

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.

Several equities research analysts recently issued reports on the stock. Citigroup Inc. raised their target price on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, August 15th. ValuEngine cut shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub cut shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $98.00 target price on shares of U S Concrete in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $89.00.

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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.

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