Zacks: Brokerages Anticipate Valmont Industries, Inc. (NYSE:VMI) Will Announce Quarterly Sales of $885.26 Million

Wall Street analysts expect that Valmont Industries, Inc. (NYSE:VMIGet Rating) will post sales of $885.26 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Valmont Industries’ earnings, with estimates ranging from $880.23 million to $890.30 million. Valmont Industries reported sales of $774.89 million in the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The business is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Valmont Industries will report full-year sales of $3.89 billion for the current year, with estimates ranging from $3.88 billion to $3.90 billion. For the next financial year, analysts anticipate that the business will report sales of $4.08 billion, with estimates ranging from $4.03 billion to $4.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Valmont Industries.

Valmont Industries (NYSE:VMIGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.08. The firm had revenue of $963.30 million for the quarter, compared to analysts’ expectations of $866.58 million. Valmont Industries had a return on equity of 17.62% and a net margin of 5.59%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS.

Several equities analysts have issued reports on VMI shares. StockNews.com started coverage on Valmont Industries in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $235.00 target price on the stock in a research report on Wednesday, February 16th.

Several large investors have recently made changes to their positions in VMI. CWM LLC purchased a new stake in shares of Valmont Industries during the 4th quarter worth approximately $26,000. Pinebridge Investments L.P. purchased a new stake in shares of Valmont Industries during the 4th quarter worth approximately $50,000. Van ECK Associates Corp purchased a new stake in shares of Valmont Industries during the 4th quarter worth approximately $51,000. IFP Advisors Inc boosted its stake in shares of Valmont Industries by 1,250.0% during the 4th quarter. IFP Advisors Inc now owns 216 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 200 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $85,000. 87.38% of the stock is currently owned by institutional investors and hedge funds.

NYSE VMI opened at $242.67 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $228.27 and its two-hundred day moving average is $236.69. Valmont Industries has a 12-month low of $203.30 and a 12-month high of $265.09. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.64 and a beta of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Friday, March 25th will be paid a dividend of $0.55 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, March 24th. This represents a $2.20 annualized dividend and a dividend yield of 0.91%. Valmont Industries’s payout ratio is 24.15%.

Valmont Industries Company Profile (Get Rating)

Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.

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