Valmont Industries Inc. (NYSE:VMI) will be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect Valmont Industries to post earnings of $1.49 per share and revenue of $625.90 million for the quarter. Valmont Industries has set its FY16 guidance at $6.31-6.49 EPS.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The company earned $640.20 million during the quarter, compared to the consensus estimate of $648.54 million. Valmont Industries had a return on equity of 13.91% and a net margin of 2.26%. Valmont Industries’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. On average, analysts expect Valmont Industries to post $6.33 EPS for the current fiscal year and $6.99 EPS for the next fiscal year.
Valmont Industries Inc. (NYSE:VMI) opened at 128.35 on Tuesday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 52.20 and a beta of 0.97. Valmont Industries Inc. has a one year low of $96.49 and a one year high of $145.94. The firm has a 50-day moving average price of $130.14 and a 200 day moving average price of $131.85.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is 60.48%.
VMI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Valmont Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. TheStreet cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, Credit Suisse Group AG restated an “underperform” rating on shares of Valmont Industries in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Valmont Industries has an average rating of “Hold” and a consensus target price of $124.67.
In other news, Director Clark T. Jr. Randt sold 381 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $130.10, for a total value of $49,568.10. Following the completion of the transaction, the director now directly owns 6,979 shares in the company, valued at $907,967.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of VMI. Paloma Partners Management Co bought a new position in Valmont Industries during the second quarter valued at about $243,000. Panagora Asset Management Inc. boosted its stake in shares of Valmont Industries by 122.2% in the second quarter. Panagora Asset Management Inc. now owns 125,674 shares of the company’s stock worth $17,000,000 after buying an additional 69,127 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Valmont Industries by 14.1% in the second quarter. Parametric Portfolio Associates LLC now owns 16,205 shares of the company’s stock worth $2,192,000 after buying an additional 2,000 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Valmont Industries by 4.4% in the second quarter. Janus Capital Management LLC now owns 7,100 shares of the company’s stock worth $960,000 after buying an additional 300 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Valmont Industries by 8,851.5% in the second quarter. Riverhead Capital Management LLC now owns 338,366 shares of the company’s stock worth $17,257,000 after buying an additional 334,586 shares during the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.
Valmont Industries Company Profile