Several analysts have expected that the stocks of VMC will be posting an EPS of $0.99 for the present quarter. According to reports, five of the investment analysts have already provided input into the earnings of the company, with the ball rolling at an EPS of $0.93, and stopping at $1.03. The EPS reported by the company the previous year was $1.08, which indicates a negative annual growth rate of 8.3%.VMC will be updating their next quarterly report on the 16th of February.
Quarterly Estimates of VMC
The firm did post their previous report of quarterly earnings on the 5th of November. The EPS reported by the company was $1.56, which narrowly missed out on the estimate laid down by analysts at $1.61. VMC also had a 10.97% return on its equity, with a 12.55% net margin. The revenue for the firm over the quarter was $1.31 billion, which was lower than the estimate of around $1.37 billion.
There have been quite a few research firms that have commented on the stocks of VMC. Morgan Stanley has already increased the price target on the shares from a sum of $150 to a sum of $161, along with a rating of equal weight last Friday. Deutsche Bank went the other way, and reduced the price target on the company from a sum of $183 to a sum of $181, along with a buy rating.
This was later published in a 23rd November research report. Bank of America has also lowered the rating of the company to neutral, but increased the price target to $154 in a 13th October research report. In the end, the Royal Bank of Canada also decided to reduce the rating of Vulcan Materials to sector perform, in a 5th November research report.
Twelve of the investment analysts involved have given the stocks of VMC a rating of hold, while seven of them have provided it with a rating of buy. In the meantime, Vulcan Materials enjoys a hold rating, with a $141.80 price target.