Valmont Industries (NYSE:VMI) is set to announce its earnings results after the market closes on Wednesday, February 20th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Shares of Valmont Industries stock opened at $134.37 on Wednesday. The stock has a market capitalization of $2.88 billion, a PE ratio of 19.35, a PEG ratio of 1.59 and a beta of 1.25. Valmont Industries has a one year low of $103.01 and a one year high of $159.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.40 and a current ratio of 3.40.
Get Valmont Industries alerts:The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 28th were issued a $0.375 dividend. The ex-dividend date was Thursday, December 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.12%. Valmont Industries’s dividend payout ratio (DPR) is 21.52%.
Valmont Industries announced that its Board of Directors has approved a share repurchase plan on Wednesday, October 31st that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently commented on VMI shares. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a report on Wednesday, October 24th. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research downgraded Valmont Industries from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Four equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $165.00.
TRADEMARK VIOLATION NOTICE: “Valmont Industries (VMI) to Release Earnings on Wednesday” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4147439/valmont-industries-vmi-to-release-earnings-on-wednesday.html.Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
Further Reading: Reverse Stock Split
No comments:
Post a Comment