Valmont Industries, Inc. Common (NYSE:VMI):
Valmont Reports Third Quarter 2016 Earnings.
The company is up from yesterday’s close of $126.35.
Valmont Industries, Inc. Common also recently announced a dividend for shareholders which was paid on Friday the 14th of October 2016. The dividend was $0.375 per share for the quarter which is $1.50 annualized. The dividend yield was $1.18. The ex-dividend date was Wednesday the 28th of September 2016.
The stock last traded at $127.10 which is marginally lower than $129.20, the 50 day moving average and a bit lower than the 200 day moving average of $132.18. The 50 day moving average was down by -1.62% and the 200 day average moved down $-5.08.
Valmont Industries, Inc. Common currently has a P/E ratio of 39.89 and the market cap is 2.86B. As of the last earnings report the EPS was $3.19 and is expected to be $6.27 for the current year with 22,504,000 shares now outstanding. Next quarter’s EPS is estimated at $1.64 and the next full year EPS is projected to be $6.88.
Several analysts have issued ratings on the company recently. October 27 investment analysts at Credit Suisse kept the stock rating at “Underperform” and moved down the price target from $144.00 to $132.00. On October 27 DA Davidson made no change to the company rating of “Buy” but lowered the price target to $155.00 from $178.00.
On September 22, 2014 the stock rating was changed to a “Neutral” by Sterne Agee which is down from the previous “Buy” rating. On June 25 Credit Suisse left the stock rating at “Underperform” and lowered the price expectation from $149.00 to $144.00.
Equity analyst Wedbush lowered the price target and downgraded the stock on June 25 cutting the price target from $167.00 to $157.00 and setting the rating at “Neutral” which had previously been “Outperform”. On June 25 the company was downgraded to “Neutral” from “Outperform” and a price target of $157.00 was set in a statement from Wedbush.