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%.
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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