Valmont Industries (NYSE:VMI - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Valmont Industries to post earnings of $3.95 per share for the quarter. Valmont Industries has set its FY24 guidance at $16.50-17.30 EPS and its FY 2024 guidance at 16.500-17.300 EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.04 by $0.72. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. On average, analysts expect Valmont Industries to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Valmont Industries Trading Up 0.2 %
Shares of NYSE VMI traded up $0.46 during midday trading on Tuesday, hitting $303.70. The stock had a trading volume of 149,287 shares, compared to its average volume of 156,557. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 40.01 and a beta of 1.02. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. Valmont Industries has a 1-year low of $188.63 and a 1-year high of $307.67. The company has a fifty day moving average price of $283.36 and a 200 day moving average price of $264.80.
Valmont Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. Valmont Industries's payout ratio is currently 31.62%.
Wall Street Analyst Weigh In
Several brokerages recently commented on VMI. DA Davidson raised their target price on Valmont Industries from $300.00 to $340.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $285.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of "Buy" and an average target price of $332.50.
Read Our Latest Research Report on VMI
Insider Transactions at Valmont Industries
In other news, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares of the company's stock, valued at approximately $2,826,998.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Theodor Werner Freye sold 1,600 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company's stock, valued at $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.
About Valmont Industries
(
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Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.
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