News articles about U S Concrete (NASDAQ:USCR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. U S Concrete earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.1967181882858 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
- Traders Keeping US Concrete Inc (USCR) on Close Watch As … – Sheridan Daily (sheridandaily.com)
- Should Investors Take a Bite out of US Concrete, Inc. (USCR)? – Economic News (economicsandmoney.com)
- Is U.S. Concrete, Inc. (NASDAQ:USCR) The Right Stock For Heady … – FLBC News (flbcnews.com)
- Buy U.S. Concrete On Trump’s Executive Order And Strong Q2 Results (seekingalpha.com)
- US CONCRETE INC : Mine Safety – Reporting of Shutdowns and Patterns of Violations (form 8-K) (4-traders.com)
A number of brokerages have weighed in on USCR. Zacks Investment Research upgraded shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday. BidaskClub downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. lifted their price target on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded shares of U S Concrete from a “c+” rating to a “b” rating in a report on Thursday, May 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $83.50.
U S Concrete (NASDAQ:USCR) traded down 0.45% during midday trading on Friday, hitting $76.85. The company’s stock had a trading volume of 270,314 shares. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 48.70 and a beta of 1.22. U S Concrete has a one year low of $42.82 and a one year high of $80.45. The company’s 50-day moving average is $77.87 and its 200 day moving average is $69.53.
U S Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $340.90 million during the quarter, compared to analysts’ expectations of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. U S Concrete’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. On average, analysts predict that U S Concrete will post $3.99 EPS for the current year.
In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $68.08, for a total value of $442,520.00. Following the sale, the chief executive officer now directly owns 438,617 shares of the company’s stock, valued at $29,861,045.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey W. Roberts sold 2,394 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $68.00, for a total value of $162,792.00. Following the completion of the sale, the vice president now directly owns 34,422 shares in the company, valued at $2,340,696. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,044 shares of company stock valued at $1,701,933. 5.90% of the stock is owned by company insiders.
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About U S Concrete
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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