Valmont Industries, Inc. (NYSE:VMI) – Analysts at Gabelli issued their FY2018 earnings per share (EPS) estimates for shares of Valmont Industries in a research note issued to investors on Wednesday. Gabelli analyst J. Garza anticipates that the industrial products company will post earnings of $8.00 per share for the year. Gabelli also issued estimates for Valmont Industries’ FY2019 earnings at $9.00 EPS, FY2020 earnings at $10.05 EPS and FY2021 earnings at $11.20 EPS.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.02). The company had revenue of $714.98 million during the quarter, compared to analysts’ expectations of $724.03 million. Valmont Industries had a net margin of 4.23% and a return on equity of 14.17%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share.
Valmont Industries (NYSE VMI) opened at $148.50 on Friday. The company has a market cap of $3,303.03, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. Valmont Industries has a one year low of $140.10 and a one year high of $176.35. The company has a quick ratio of 2.61, a current ratio of 3.65 and a debt-to-equity ratio of 0.65.
Hedge funds have recently bought and sold shares of the company. Gofen & Glossberg LLC IL acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $209,000. Clarus Wealth Advisors acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $214,000. State of Alaska Department of Revenue acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $215,000. Trexquant Investment LP acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $252,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $253,000. 86.22% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Valmont Industries’s payout ratio is currently 29.30%.
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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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