Vulcan Materials (VMC) Scheduled to Post Quarterly Earnings on Wednesday

Vulcan Materials (NYSE:VMC) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Vulcan Materials to post earnings of $2.52 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. Vulcan Materials’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Vulcan Materials Stock Performance

Shares of VMC opened at $253.72 on Wednesday. The company has a 50-day moving average of $245.09 and a two-hundred day moving average of $252.16. The stock has a market cap of $33.55 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is 26.86%.

Analysts Set New Price Targets

Several brokerages have issued reports on VMC. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Stephens dropped their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Citigroup decreased their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Loop Capital dropped their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada decreased their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.