Valmont Industries - VMI Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valmont Industries in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VMI shares.
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2 Wall Street analysts have issued 12 month price objectives for Valmont Industries' shares. Their VMI share price forecasts range from $260.00 to $300.00. On average, they anticipate the company's stock price to reach $281.00 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price.
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Valmont Industries' stock was trading at $250.50 at the beginning of the year. Since then, VMI shares have increased by 7.2% and is now trading at $268.62.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our VMI earnings forecast.

Valmont Industries, Inc. (NYSE:VMI) issued its quarterly earnings data on Wednesday, July, 20th. The industrial products company reported $3.60 EPS for the quarter, beating analysts' consensus estimates of $3.29 by $0.31. The industrial products company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1 billion. Valmont Industries had a trailing twelve-month return on equity of 17.71% and a net margin of 5.49%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 EPS.

Valmont Industries declared a quarterly dividend on Tuesday, July 26th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.55 per share on Friday, October 14th. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, September 22nd.
Read our dividend analysis for VMI.

Valmont Industries (NYSE:VMI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 0.81%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VMI will have a dividend payout ratio of 14.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VMI.

Valmont Industries issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $13.60-$14.00 for the period, compared to the consensus EPS estimate of $13.06. The company issued revenue guidance of $4.20 billion-$4.24 billion, compared to the consensus revenue estimate of $4.00 billion.

49 employees have rated Valmont Industries Chief Executive Officer Stephen Kaniewski on Glassdoor.com. Stephen Kaniewski has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Valmont Industries investors own include QUALCOMM (QCOM), Corning (GLW), AbbVie (ABBV), Enterprise Products Partners (EPD), Coca-Cola (KO), NVIDIA (NVDA), Johnson & Johnson (JNJ), Medtronic (MDT), Sysco (SYY) and Cisco Systems (CSCO).

Valmont Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMI."

Shares of VMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VMI stock can currently be purchased for approximately $268.62.

Valmont Industries (NYSE:VMI) has a market capitalization of $5.74 billion and generates $3.50 billion in revenue each year. The industrial products company earns $195.63 million in net income (profit) each year or $10.08 on an earnings per share basis.

The company employs 11,041 workers across the globe.

Valmont Industries' mailing address is ONE VALMONT PLAZA, OMAHA NE, 68154. The official website for the company is www.valmont.com. The industrial products company can be reached via phone at (402) 963-1000, via email at investorrelations@valmont.com, or via fax at 402-963-1198.