G.Research Comments on Valmont Industries, Inc.’s FY2020 Earnings (NYSE:VMI)

Valmont Industries, Inc. (NYSE:VMI) – Investment analysts at G.Research issued their FY2020 earnings per share (EPS) estimates for shares of Valmont Industries in a report released on Wednesday, November 13th. G.Research analyst J. Garza anticipates that the industrial products company will post earnings per share of $8.87 for the year. G.Research also issued estimates for Valmont Industries’ FY2021 earnings at $10.32 EPS.

A number of other equities analysts have also recently commented on VMI. Zacks Investment Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a report on Saturday, July 27th. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TheStreet raised Valmont Industries from a “c+” rating to a “b” rating in a report on Monday, September 16th. DA Davidson decreased their target price on Valmont Industries to $155.00 in a report on Monday, October 7th. Finally, Stifel Nicolaus set a $152.00 price target on Valmont Industries and gave the stock a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $150.33.

Shares of Valmont Industries stock opened at $142.00 on Monday. Valmont Industries has a one year low of $103.01 and a one year high of $147.38. The stock’s fifty day moving average is $137.91 and its 200 day moving average is $131.05. The stock has a market cap of $3.05 billion, a P/E ratio of 18.73 and a beta of 1.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.90 and a current ratio of 2.62.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.45). Valmont Industries had a return on equity of 15.28% and a net margin of 4.88%. The company had revenue of $690.34 million during the quarter, compared to the consensus estimate of $744.84 million. During the same period in the prior year, the business posted $1.82 earnings per share. Valmont Industries’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the 2nd quarter valued at about $25,000. HM Payson & Co. bought a new position in shares of Valmont Industries in the 2nd quarter valued at about $25,000. Knuff & Co LLC bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $55,000. Point72 Hong Kong Ltd lifted its holdings in shares of Valmont Industries by 57.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,277 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 468 shares during the last quarter. Finally, World Asset Management Inc bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 85.29% of the company’s stock.

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.

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

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