$0.61 EPS Expected for US Concrete Inc (USCR) This Quarter

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Equities research analysts expect US Concrete Inc (NASDAQ:USCR) to post $0.61 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for US Concrete’s earnings, with estimates ranging from $0.36 to $0.74. US Concrete reported earnings per share of $0.50 in the same quarter last year, which would indicate a positive year-over-year growth rate of 22%. The firm is expected to report its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that US Concrete will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.36 to $2.73. For the next financial year, analysts anticipate that the company will post earnings of $3.66 per share, with EPS estimates ranging from $3.37 to $3.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow US Concrete.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.42). The firm had revenue of $404.27 million for the quarter, compared to analysts’ expectations of $411.35 million. US Concrete had a return on equity of 10.56% and a net margin of 1.69%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share.

A number of brokerages have recently commented on USCR. Citigroup lowered their price target on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating for the company in a report on Friday, January 4th. DA Davidson lowered their price target on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. ValuEngine upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. BidaskClub downgraded shares of US Concrete from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Finally, SunTrust Banks lowered their price target on shares of US Concrete to $47.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. US Concrete currently has an average rating of “Hold” and an average price target of $69.83.

Shares of NASDAQ USCR traded down $0.47 during midday trading on Tuesday, reaching $34.20. 3,603 shares of the stock were exchanged, compared to its average volume of 414,033. The company has a market cap of $593.42 million, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. US Concrete has a 52-week low of $27.68 and a 52-week high of $84.95. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.28 and a quick ratio of 1.10.

In related news, Director Robert Martin Rayner bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $38.57 per share, with a total value of $192,850.00. Following the completion of the transaction, the director now owns 58,028 shares of the company’s stock, valued at $2,238,139.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore P. Rossi bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average cost of $34.85 per share, for a total transaction of $348,500.00. Following the completion of the transaction, the director now directly owns 78,411 shares of the company’s stock, valued at approximately $2,732,623.35. The disclosure for this purchase can be found here. Insiders purchased 64,100 shares of company stock worth $2,207,936 over the last three months. Corporate insiders own 5.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coe Capital Management LLC boosted its position in shares of US Concrete by 4.5% in the third quarter. Coe Capital Management LLC now owns 12,965 shares of the construction company’s stock worth $594,000 after acquiring an additional 555 shares during the last quarter. IndexIQ Advisors LLC lifted its position in US Concrete by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 37,637 shares of the construction company’s stock valued at $1,726,000 after buying an additional 1,423 shares in the last quarter. Rhumbline Advisers lifted its position in US Concrete by 4.2% during the second quarter. Rhumbline Advisers now owns 38,069 shares of the construction company’s stock valued at $1,999,000 after buying an additional 1,539 shares in the last quarter. Legal & General Group Plc lifted its position in US Concrete by 6.8% during the second quarter. Legal & General Group Plc now owns 31,201 shares of the construction company’s stock valued at $1,625,000 after buying an additional 1,985 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in US Concrete by 1.1% during the third quarter. Teachers Advisors LLC now owns 196,187 shares of the construction company’s stock valued at $8,995,000 after buying an additional 2,048 shares in the last quarter.

About US Concrete

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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