Analysts Expect Vulcan Materials (NYSE:VMC) Will Post Quarterly Sales of $1.86 Billion

Wall Street brokerages forecast that Vulcan Materials (NYSE:VMCGet Rating) will report $1.86 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Vulcan Materials’ earnings, with the highest sales estimate coming in at $1.88 billion and the lowest estimate coming in at $1.83 billion. Vulcan Materials reported sales of $1.36 billion during the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Vulcan Materials will report full-year sales of $7.22 billion for the current fiscal year, with estimates ranging from $6.95 billion to $7.71 billion. For the next year, analysts expect that the business will post sales of $8.04 billion, with estimates ranging from $7.47 billion to $8.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Vulcan Materials.

Vulcan Materials (NYSE:VMCGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.11. Vulcan Materials had a return on equity of 10.49% and a net margin of 9.99%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $0.69 earnings per share. Vulcan Materials’s quarterly revenue was up 44.2% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Vulcan Materials from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, February 22nd. Citigroup lowered their price target on Vulcan Materials from $231.00 to $224.00 in a report on Friday, February 18th. StockNews.com assumed coverage on Vulcan Materials in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Morgan Stanley lowered their price target on Vulcan Materials from $232.00 to $224.00 and set an “equal weight” rating on the stock in a report on Monday, April 18th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $211.93.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Vulcan Materials by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock valued at $2,670,246,000 after buying an additional 184,543 shares during the period. BlackRock Inc. grew its stake in shares of Vulcan Materials by 6.5% during the 1st quarter. BlackRock Inc. now owns 10,951,374 shares of the construction company’s stock valued at $2,011,768,000 after buying an additional 665,469 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Vulcan Materials by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,292,572 shares of the construction company’s stock valued at $1,523,346,000 after buying an additional 34,261 shares during the period. State Street Corp grew its stake in shares of Vulcan Materials by 0.6% during the 4th quarter. State Street Corp now owns 5,778,231 shares of the construction company’s stock valued at $1,199,445,000 after buying an additional 34,791 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,471,066 shares of the construction company’s stock valued at $821,335,000 after buying an additional 58,693 shares during the period. Institutional investors own 88.38% of the company’s stock.

Shares of VMC traded up $2.91 during midday trading on Monday, reaching $168.02. 1,020,842 shares of the stock were exchanged, compared to its average volume of 785,969. The business’s 50-day moving average price is $177.16 and its 200 day moving average price is $188.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.27. Vulcan Materials has a twelve month low of $156.53 and a twelve month high of $213.65. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 1.17 and a beta of 0.70.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 27th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. Vulcan Materials’s dividend payout ratio (DPR) is presently 35.56%.

Vulcan Materials Company Profile (Get Rating)

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 Aggregates segment 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.

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Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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