Wall Street analysts predict that Valmont Industries, Inc. (NYSE:VMI) will post $866.30 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Valmont Industries’ earnings. The highest sales estimate is $872.80 million and the lowest is $859.80 million. Valmont Industries posted sales of $733.97 million in the same quarter last year, which would indicate a positive year over year growth rate of 18%. The firm is scheduled to announce its next earnings report on Wednesday, October 20th.
According to Zacks, analysts expect that Valmont Industries will report full year sales of $3.43 billion for the current year. For the next year, analysts forecast that the company will post sales of $3.68 billion, with estimates ranging from $3.64 billion to $3.73 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Valmont Industries.
Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, July 20th. The industrial products company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.56. The business had revenue of $894.63 million for the quarter, compared to the consensus estimate of $815.05 million. Valmont Industries had a net margin of 6.01% and a return on equity of 16.93%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS.
NYSE VMI traded up $3.44 during trading on Tuesday, reaching $247.77. 132,842 shares of the company’s stock traded hands, compared to its average volume of 128,615. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.13 and a quick ratio of 1.34. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 27.59 and a beta of 1.20. The company’s 50 day simple moving average is $237.82 and its two-hundred day simple moving average is $239.92. Valmont Industries has a 12-month low of $117.36 and a 12-month high of $265.09.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, September 24th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, September 23rd. Valmont Industries’s payout ratio is currently 24.45%.
A number of large investors have recently added to or reduced their stakes in VMI. Harvest Fund Management Co. Ltd purchased a new stake in Valmont Industries during the 1st quarter worth approximately $29,000. Sandy Spring Bank purchased a new stake in Valmont Industries during the 2nd quarter worth approximately $47,000. Optimum Investment Advisors purchased a new stake in Valmont Industries during the 2nd quarter worth approximately $66,000. Concord Wealth Partners purchased a new stake in Valmont Industries during the 1st quarter worth approximately $94,000. Finally, Dark Forest Capital Management LP purchased a new stake in Valmont Industries during the 2nd quarter worth approximately $99,000. 86.02% of the stock is currently owned by institutional investors.
About Valmont Industries
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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