The Analysts Anticipate Valmont Industries, Inc. (VMI) Will Post Earnings of $1.93 Per Share

The Analysts Anticipate Valmont Industries, Inc. (VMI) Will Post Earnings of $1.93 Per Share

According to Zacks, analysts expect that Valmont Industries will report full-year earnings of $7.07 per share for the current financial year, with EPS estimates ranging from $7.05 to $7.15. For the next fiscal year, analysts forecast that the business will report earnings of $7.89 per share, with EPS estimates ranging from $7.50 to $8.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Valmont Industries.

Equities analysts expect Valmont Industries, Inc. (NYSE:VMI) to report $1.93 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Valmont Industries’ earnings. The highest EPS estimate is $1.98 and the lowest is $1.84. Valmont Industries reported earnings per share of $1.85 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 19th.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.08. Valmont Industries had a return on equity of 14.27% and a net margin of 2.93%. The business earned $637.47 million during the quarter, compared to analysts’ expectations of $626.02 million. During the same quarter last year, the company posted $1.45 earnings per share. Valmont Industries’s quarterly revenue was up 6.9% on a year-over-year basis. A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, April 25th. William Blair reaffirmed a “market perform” rating on shares of Valmont Industries in a research note on Sunday, April 23rd. Stifel Nicolaus upped their price target on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Sunday, April 23rd. Finally, TheStreet raised shares of Valmont Industries from a “c” rating to a “b-” rating in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $170.00.

Valmont Industries (NYSE:VMI) traded up 0.93% during trading on Monday, reaching $152.20. The company had a trading volume of 118,129 shares. The company has a 50-day moving average price of $152.33 and a 200 day moving average price of $145.90. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 19.95 and a beta of 0.98. Valmont Industries has a one year low of $120.65 and a one year high of $165.20. The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, March 29th. Valmont Industries’s dividend payout ratio is currently 46.88%.

Valmont Industries (NYSE:VMI) traded up 0.93% during trading on Monday, reaching $152.20. The company had a trading volume of 118,129 shares. The company has a 50-day moving average price of $152.33 and a 200 day moving average price of $145.90. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 19.95 and a beta of 0.98. Valmont Industries has a one year low of $120.65 and a one year high of $165.20. In other news, Director Clark T. Jr. Randt sold 1,000 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $155.30, for a total value of $155,300.00. Following the sale, the director now owns 5,979 shares of the company’s stock, valued at $928,538.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Mogens C. Bay sold 50,000 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $159.49, for a total transaction of $7,974,500.00. Following the completion of the sale, the chairman now directly owns 285,789 shares in the company, valued at approximately $45,580,487.61. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Several large investors have recently made changes to their positions in VMI. RobecoSam USA Inc. increased its stake in shares of Valmont Industries by 14.7% in the third quarter. RobecoSam USA Inc. now owns 19,438 shares of the industrial products company’s stock valued at $2,615,000 after buying an additional 2,496 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Valmont Industries by 6.7% in the third quarter. LS Investment Advisors LLC now owns 1,482 shares of the industrial products company’s stock valued at $199,000 after buying an additional 93 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Valmont Industries by 23.2% in the third quarter. Teachers Advisors LLC now owns 61,226 shares of the industrial products company’s stock valued at $8,239,000 after buying an additional 11,529 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Valmont Industries by 3.5% in the third quarter. BlackRock Fund Advisors now owns 805,080 shares of the industrial products company’s stock valued at $108,340,000 after buying an additional 27,385 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Valmont Industries by 3.2% in the third quarter. BlackRock Inc. now owns 13,608 shares of the industrial products company’s stock valued at $1,831,000 after buying an additional 419 shares in the last quarter. 83.78% of the stock is currently owned by institutional investors and hedge funds. Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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