Vulcan Materials (NYSE:VMC) Posts Quarterly Earnings Results

Vulcan Materials (NYSE:VMC) issued its earnings results on Wednesday. The construction company reported $1.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.02), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.38 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Vulcan Materials updated its FY19 guidance to $4.55-5.05 EPS.

Shares of NYSE:VMC traded down $0.97 during midday trading on Friday, reaching $136.44. 1,045,400 shares of the company traded hands, compared to its average volume of 1,051,284. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. Vulcan Materials has a 12 month low of $90.04 and a 12 month high of $152.49. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The firm’s fifty day moving average price is $146.52 and its two-hundred day moving average price is $137.95.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.91%. Vulcan Materials’s payout ratio is 30.62%.

Several brokerages have issued reports on VMC. Nomura boosted their target price on Vulcan Materials from $165.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Bank of America upgraded Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 target price on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus boosted their target price on Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Argus set a $152.00 target price on Vulcan Materials and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Vulcan Materials currently has an average rating of “Buy” and an average target price of $149.81.

In related news, insider Stanley G. Bass sold 2,406 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the transaction, the insider now directly owns 35,263 shares in the company, valued at $5,005,230.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stanley G. Bass sold 2,184 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $149.93, for a total value of $327,447.12. Following the transaction, the insider now owns 35,263 shares of the company’s stock, valued at $5,286,981.59. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

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.

See Also: What is the Book Value of a Share?

Earnings History for Vulcan Materials (NYSE:VMC)

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