Analysts forecast that Valmont Industries, Inc. (NYSE:VMI – Get Rating) will post sales of $996.92 million for the current quarter, Zacks reports. Two analysts have provided estimates for Valmont Industries’ earnings, with the lowest sales estimate coming in at $988.14 million and the highest estimate coming in at $1.01 billion. Valmont Industries reported sales of $894.63 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Valmont Industries will report full-year sales of $4.04 billion for the current year, with estimates ranging from $4.00 billion to $4.07 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.28 billion, with estimates ranging from $4.27 billion to $4.29 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Valmont Industries.
Valmont Industries (NYSE:VMI – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The industrial products company reported $3.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.63. Valmont Industries had a net margin of 5.47% and a return on equity of 17.60%. The firm had revenue of $980.82 million for the quarter, compared to analysts’ expectations of $888.07 million. During the same quarter in the prior year, the company posted $2.57 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis.
In related news, EVP Aaron M. Schapper sold 7,269 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $252.19, for a total transaction of $1,833,169.11. Following the completion of the transaction, the executive vice president now directly owns 9,683 shares of the company’s stock, valued at $2,441,955.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas Mitchell Parnell sold 761 shares of the firm’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $262.73, for a total transaction of $199,937.53. Following the transaction, the senior vice president now directly owns 2,788 shares of the company’s stock, valued at $732,491.24. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VMI. HighTower Advisors LLC purchased a new position in Valmont Industries during the fourth quarter valued at $45,502,000. Norges Bank purchased a new position in shares of Valmont Industries in the 4th quarter worth $44,993,000. Artisan Partners Limited Partnership boosted its stake in shares of Valmont Industries by 26.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 855,382 shares of the industrial products company’s stock worth $201,117,000 after purchasing an additional 178,672 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Valmont Industries during the 3rd quarter worth about $85,000. Finally, Invesco Ltd. boosted its stake in shares of Valmont Industries by 9.3% during the 4th quarter. Invesco Ltd. now owns 795,043 shares of the industrial products company’s stock worth $199,160,000 after purchasing an additional 67,951 shares during the period. 87.29% of the stock is owned by institutional investors.
NYSE:VMI opened at $259.22 on Thursday. The company’s 50 day moving average price is $239.05 and its 200-day moving average price is $238.22. Valmont Industries has a 52 week low of $203.30 and a 52 week high of $277.00. The company has a quick ratio of 1.26, a current ratio of 2.25 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 27.46 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 24th will be given a $0.55 dividend. The ex-dividend date is Thursday, June 23rd. This represents a $2.20 annualized dividend and a yield of 0.85%. Valmont Industries’s payout ratio is presently 23.31%.
Valmont Industries Company Profile (Get Rating)
Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, 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, wood, 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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