Vulcan Materials (NYSE:VMC) to Post Q4 2023 Earnings of $1.35 Per Share, Zacks Research Forecasts

Posted by Defense World Staff on Sep 7th, 2023

Vulcan Materials (NYSE:VMC – Free Report) – Research analysts at Zacks Research decreased their Q4 2023 earnings estimates for Vulcan Materials in a research note issued on Tuesday, September 5th. Zacks Research analyst A. Gupta now forecasts that the construction company will earn $1.35 per share for the quarter, down from their previous forecast of $1.41. The consensus estimate for Vulcan Materials’ current full-year earnings is $6.73 per share. Zacks Research also issued estimates for Vulcan Materials’ Q1 2024 earnings at $0.95 EPS, Q2 2024 earnings at $2.56 EPS, FY2024 earnings at $7.84 EPS, Q1 2025 earnings at $1.61 EPS, Q2 2025 earnings at $2.58 EPS and FY2025 earnings at $8.83 EPS.

Vulcan Materials (NYSE:VMC – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.38. Vulcan Materials had a net margin of 9.57% and a return on equity of 11.64%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $1.53 EPS. The company’s revenue was up 8.1% on a year-over-year basis.

Several other equities analysts also recently issued reports on VMC. Truist Financial upped their price objective on shares of Vulcan Materials from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $212.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Stephens upped their target price on Vulcan Materials from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Stifel Nicolaus upped their target price on Vulcan Materials from $227.00 to $250.00 in a research note on Friday, July 14th. Finally, Jefferies Financial Group upped their target price on Vulcan Materials from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $240.50.

Check Out Our Latest Report on Vulcan Materials

Vulcan Materials Stock Down 0.5 %

VMC opened at $215.20 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.58 and a debt-to-equity ratio of 0.54. The firm has a market cap of $28.59 billion, a P/E ratio of 39.63, a PEG ratio of 1.54 and a beta of 0.79. Vulcan Materials has a 52 week low of $147.64 and a 52 week high of $229.75. The business’s fifty day simple moving average is $220.99 and its 200 day simple moving average is $197.50.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Thursday, August 17th were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 0.80%. Vulcan Materials’s dividend payout ratio is presently 31.68%.

Institutional Investors Weigh In On Vulcan Materials

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $30,000. M&R Capital Management Inc. raised its stake in shares of Vulcan Materials by 144.8% in the 2nd quarter. M&R Capital Management Inc. now owns 142 shares of the construction company’s stock valued at $32,000 after purchasing an additional 84 shares in the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at about $29,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Vulcan Materials in the 2nd quarter valued at approximately $37,000. Finally, New Hampshire Trust bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $31,000. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Company Profile

(Get Free Report)

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 Aggregates segment 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.