Valmont Industries, Inc. (NYSE:VMI) – Analysts at William Blair boosted their Q3 2017 earnings estimates for Valmont Industries in a research report issued to clients and investors on Thursday. William Blair analyst B. Drab now expects that the industrial products company will earn $1.67 per share for the quarter, up from their previous forecast of $1.61. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.72 EPS, FY2017 earnings at $7.12 EPS and FY2018 earnings at $7.89 EPS.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to analysts’ expectations of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. Valmont Industries’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 earnings per share. TRADEMARK VIOLATION NOTICE: This piece of content was published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/q3-2017-eps-estimates-for-valmont-industries-inc-raised-by-william-blair-nysevmi-updated-updated-updated.html.
VMI has been the subject of several other reports. Zacks Investment Research lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Stifel Nicolaus raised shares of Valmont Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $167.00 in a report on Monday, April 17th. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $168.00.
Valmont Industries (VMI) opened at 154.50 on Monday. The company’s 50-day moving average is $150.05 and its 200 day moving average is $149.26. The stock has a market cap of $3.48 billion, a PE ratio of 19.14 and a beta of 0.97. Valmont Industries has a 52 week low of $120.65 and a 52 week high of $165.20.
Large investors have recently added to or reduced their stakes in the company. Pinnacle Bank bought a new stake in shares of Valmont Industries during the first quarter worth about $117,000. Gofen & Glossberg LLC IL bought a new stake in shares of Valmont Industries during the first quarter worth about $205,000. Janney Montgomery Scott LLC bought a new stake in shares of Valmont Industries during the first quarter worth about $207,000. Timber Hill LLC bought a new stake in shares of Valmont Industries during the first quarter worth about $209,000. Finally, Verity Asset Management Inc. bought a new stake in shares of Valmont Industries during the first quarter worth about $228,000. 84.44% of the stock is owned by institutional investors.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, June 28th. Valmont Industries’s dividend payout ratio is 18.59%.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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