Valmont Industries (VMI) to Release Earnings on Tuesday

Valmont Industries (NYSE:VMI) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Valmont Industries to post earnings of $3.63 per share and revenue of $1.01 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Valmont Industries Stock Performance

Shares of VMI stock opened at $328.56 on Tuesday. The business has a fifty day moving average of $323.50 and a 200 day moving average of $309.50. Valmont Industries has a 1 year low of $202.01 and a 1 year high of $354.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 22.32 and a beta of 1.05.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares in the company, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VMI shares. Stifel Nicolaus raised their price objective on Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. DA Davidson upped their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.