Valmont Industries (NYSE:VMI) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.67 per share for the quarter.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Thursday, February 21st. The industrial products company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.03). Valmont Industries had a return on equity of 14.72% and a net margin of 3.42%. The company had revenue of $697.40 million for the quarter, compared to the consensus estimate of $713.02 million. During the same period in the prior year, the company earned $1.67 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, analysts expect Valmont Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE:VMI opened at $131.62 on Monday. Valmont Industries has a 12 month low of $103.01 and a 12 month high of $157.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.34 and a current ratio of 3.28. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.56 and a beta of 1.28.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 28th. Valmont Industries’s dividend payout ratio is currently 19.79%.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, February 18th. ValuEngine lowered shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. TheStreet raised shares of Valmont Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a report on Thursday, February 21st. Four research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $145.00.
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Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States 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, 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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