Valmont Industries, Inc. (VMI) Expected to Announce Earnings of $2.42 Per Share

Wall Street analysts forecast that Valmont Industries, Inc. (NYSE:VMI) will report $2.42 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Valmont Industries’ earnings, with the lowest EPS estimate coming in at $2.11 and the highest estimate coming in at $2.79. Valmont Industries reported earnings per share of $1.98 in the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The business is scheduled to issue its next quarterly earnings results on Monday, July 22nd.

According to Zacks, analysts expect that Valmont Industries will report full year earnings of $8.54 per share for the current financial year, with EPS estimates ranging from $8.30 to $8.63. For the next fiscal year, analysts expect that the company will report earnings of $9.46 per share, with EPS estimates ranging from $8.80 to $10.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Valmont Industries.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.17. Valmont Industries had a net margin of 3.33% and a return on equity of 14.70%. The firm had revenue of $692.10 million during the quarter, compared to the consensus estimate of $683.66 million. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s revenue was down .9% on a year-over-year basis.

VMI has been the subject of several research analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a research note on Thursday, February 21st. Stifel Nicolaus raised shares of Valmont Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $153.00 in a research note on Thursday, April 25th. TheStreet raised shares of Valmont Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Finally, ValuEngine downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Valmont Industries presently has a consensus rating of “Hold” and a consensus price target of $153.00.

Valmont Industries stock opened at $117.00 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. Valmont Industries has a fifty-two week low of $103.01 and a fifty-two week high of $157.15. The company has a market cap of $2.56 billion, a PE ratio of 15.44, a P/E/G ratio of 1.37 and a beta of 1.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, June 27th. Valmont Industries’s dividend payout ratio is presently 19.79%.

A number of institutional investors and hedge funds have recently bought and sold shares of VMI. Mason Street Advisors LLC raised its holdings in shares of Valmont Industries by 0.8% during the first quarter. Mason Street Advisors LLC now owns 11,668 shares of the industrial products company’s stock worth $1,518,000 after purchasing an additional 98 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Valmont Industries by 3.7% during the fourth quarter. Commonwealth Bank of Australia now owns 2,800 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 100 shares during the period. Comerica Bank raised its holdings in shares of Valmont Industries by 0.8% during the fourth quarter. Comerica Bank now owns 14,958 shares of the industrial products company’s stock worth $1,886,000 after purchasing an additional 116 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Valmont Industries by 1.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,356 shares of the industrial products company’s stock worth $1,375,000 after purchasing an additional 193 shares during the period. Finally, Fort L.P. acquired a new stake in shares of Valmont Industries during the first quarter worth $26,000. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

Featured Story: What are the advantages of the Stochastic Momentum Index?

Get a free copy of the Zacks research report on Valmont Industries (VMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.