Vulcan Materials (VMC) to Release Quarterly Earnings on Wednesday

Vulcan Materials (NYSE:VMC) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Vulcan Materials to post earnings of $2.52 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $256.54 on Monday. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $245.74 and a two-hundred day moving average of $251.93. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79. The company has a market cap of $33.93 billion, a P/E ratio of 37.45, a PEG ratio of 2.32 and a beta of 0.82.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

VMC has been the subject of several analyst reports. Citigroup reduced their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Loop Capital cut their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial reduced their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens reduced their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.