Equities Analysts Set Expectations for Vulcan Materials Company’s Q3 2017 Earnings (VMC)

Vulcan Materials Company (NYSE:VMC) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for Vulcan Materials in a research note issued to investors on Wednesday. Jefferies Group analyst P. Ng anticipates that the construction company will post earnings per share of $0.82 for the quarter. Jefferies Group has a “Hold” rating and a $114.00 price target on the stock. Jefferies Group also issued estimates for Vulcan Materials’ Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $2.82 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.00 EPS, FY2018 earnings at $3.62 EPS and FY2019 earnings at $4.69 EPS.

Several other brokerages also recently commented on VMC. Royal Bank Of Canada reiterated a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. BidaskClub downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $145.00 in a report on Thursday, August 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $140.00 price target (down previously from $145.00) on shares of Vulcan Materials in a report on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials presently has an average rating of “Hold” and a consensus target price of $137.83.

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Vulcan Materials (NYSE:VMC) opened at 117.79 on Friday. The stock has a market capitalization of $15.58 billion, a P/E ratio of 37.92 and a beta of 0.87. The stock has a 50 day moving average of $117.91 and a 200 day moving average of $122.34. Vulcan Materials has a 52 week low of $108.37 and a 52 week high of $138.18.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.32). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. Vulcan Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share.

In other news, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $121.51, for a total value of $151,887.50. Following the sale, the insider now owns 2,857 shares in the company, valued at $347,154.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the sale, the insider now owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Vulcan Materials by 2.7% in the second quarter. Vanguard Group Inc. now owns 13,385,889 shares of the construction company’s stock worth $1,695,724,000 after acquiring an additional 346,085 shares during the last quarter. BlackRock Inc. grew its stake in shares of Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock worth $971,936,000 after acquiring an additional 7,799,158 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vulcan Materials by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after acquiring an additional 127,405 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Vulcan Materials by 4,985.8% in the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock worth $533,271,000 after acquiring an additional 4,126,822 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Vulcan Materials by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock worth $331,609,000 after acquiring an additional 58,520 shares during the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Earnings History and Estimates for Vulcan Materials (NYSE:VMC)

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