Vulcan Materials (VMC) Issues FY18 Earnings Guidance

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Vulcan Materials (NYSE:VMC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.85-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.07.

Vulcan Materials stock opened at $84.20 on Tuesday. Vulcan Materials has a 12-month low of $82.52 and a 12-month high of $141.20. The stock has a market cap of $11.69 billion, a P/E ratio of 27.70, a PEG ratio of 1.02 and a beta of 0.93. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.55.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.40. Vulcan Materials had a net margin of 15.72% and a return on equity of 9.46%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $1.04 earnings per share. Vulcan Materials’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials will post 4.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s payout ratio is currently 36.84%.

Several research analysts have weighed in on VMC shares. Zacks Investment Research raised shares of Vulcan Materials from a sell rating to a buy rating and set a $138.00 target price for the company in a research note on Tuesday, July 24th. Jefferies Financial Group raised shares of Vulcan Materials from a hold rating to a buy rating and set a $128.00 target price for the company in a research note on Wednesday, August 1st. Argus lowered their target price on shares of Vulcan Materials to $122.00 and set a buy rating for the company in a research note on Monday, August 20th. Stephens set a $125.00 target price on shares of Vulcan Materials and gave the stock a buy rating in a research note on Wednesday, October 17th. Finally, Barclays reaffirmed a buy rating and set a $132.00 target price on shares of Vulcan Materials in a research note on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $123.45.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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