Valmont Industries (VMI) to Release Earnings on Wednesday

Valmont Industries (NYSE:VMI) will release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Valmont Industries to post earnings of $4.04 per share for the quarter. Valmont Industries has set its FY 2024 guidance at 15.400-16.400 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.08. The firm had revenue of $977.83 million for the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.54 earnings per share. On average, analysts expect Valmont Industries to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Valmont Industries Trading Up 0.5 %

VMI opened at $279.71 on Tuesday. The stock has a market capitalization of $5.65 billion, a PE ratio of 36.85 and a beta of 1.03. The firm’s fifty day moving average price is $265.41 and its 200 day moving average price is $238.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65. Valmont Industries has a 12-month low of $188.63 and a 12-month high of $290.15.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.60 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.40 annualized dividend and a yield of 0.86%. Valmont Industries’s dividend payout ratio is presently 31.62%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VMI shares. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

Valmont Industries Company Profile

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.