Vulcan Materials (VMC) Issues Earnings Results, Meets Estimates

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Vulcan Materials (NYSE:VMC) issued its earnings results on Tuesday. The construction company reported $1.40 EPS for the quarter, hitting analysts’ consensus estimates of $1.40, MarketWatch Earnings reports. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Vulcan Materials updated its FY18 guidance to $3.85-3.95 EPS.

Shares of VMC opened at $100.90 on Thursday. The stock has a market cap of $13.09 billion, a PE ratio of 33.19, a P/E/G ratio of 1.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 1.70. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $141.20.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Wednesday, November 21st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, November 20th. Vulcan Materials’s payout ratio is 36.84%.

A number of equities analysts have issued reports on VMC shares. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Bank of America cut shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research report on Wednesday, July 25th. They noted that the move was a valuation call. ValuEngine cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Wednesday, August 1st. Finally, Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $121.45.

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 for Vulcan Materials (NYSE:VMC)

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