Vulcan Materials (VMC) Set to Announce Earnings on Thursday

Vulcan Materials (NYSE:VMC - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Vulcan Materials to post earnings of $0.91 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts expect Vulcan Materials to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Vulcan Materials Price Performance

Shares of VMC traded up $2.14 during midday trading on Thursday, hitting $258.54. 655,935 shares of the company traded hands, compared to its average volume of 781,815. The stock has a 50-day moving average of $264.73 and a 200-day moving average of $234.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58. The firm has a market cap of $34.20 billion, a P/E ratio of 37.04, a PEG ratio of 1.88 and a beta of 0.83.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.43. Vulcan Materials's dividend payout ratio is presently 26.36%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their target price on Vulcan Materials from $236.00 to $269.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 20th. Morgan Stanley started coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an "equal weight" rating and a $208.00 target price for the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Jefferies Financial Group lifted their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Finally, Truist Financial increased their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.00.

Insider Transactions at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the sale, the director now directly owns 330 shares in the company, valued at $85,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,017 shares of company stock valued at $3,344,741. Insiders own 0.62% of the company's stock.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.