Valmont Industries (NYSE:VMI) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $8.30-8.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.47. The company issued revenue guidance of $2.92 billion, compared to the consensus revenue estimate of prior $8.10-8.90.
Shares of VMI stock traded up $1.39 during trading hours on Thursday, hitting $134.23. 5,325 shares of the company’s stock were exchanged, compared to its average volume of 153,363. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.28 and a quick ratio of 2.34. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.55 and a beta of 1.28. Valmont Industries has a fifty-two week low of $103.01 and a fifty-two week high of $157.15.
Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.17. The business had revenue of $692.10 million during the quarter, compared to the consensus estimate of $683.66 million. Valmont Industries had a return on equity of 14.67% and a net margin of 3.33%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 EPS. Analysts anticipate that Valmont Industries will post 8.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, March 28th. Valmont Industries’s payout ratio is 19.79%.
Several research analysts recently commented on VMI shares. Boenning Scattergood reissued a hold rating on shares of Valmont Industries in a research note on Thursday, February 21st. TheStreet raised Valmont Industries from a c+ rating to a b- rating in a research note on Wednesday, March 13th. ValuEngine downgraded Valmont Industries from a hold rating to a sell rating in a research note on Saturday, January 5th. Zacks Investment Research raised Valmont Industries from a sell rating to a hold rating in a research note on Saturday, January 26th. Finally, Stifel Nicolaus raised Valmont Industries from a hold rating to a buy rating and increased their price objective for the company from $135.00 to $153.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Valmont Industries presently has a consensus rating of Hold and a consensus target price of $153.00.
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About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
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