News stories about Valmont Industries (NYSE:VMI) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Valmont Industries earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.8410941079458 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have recently commented on the stock. Boenning Scattergood reaffirmed a “buy” rating and set a $185.00 price objective on shares of Valmont Industries in a research report on Thursday, April 19th. Stifel Nicolaus reduced their price objective on shares of Valmont Industries from $160.00 to $141.00 and set a “hold” rating for the company in a research report on Monday, April 16th. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Seaport Global Securities downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $169.00.
Valmont Industries opened at $145.55 on Friday, according to MarketBeat.com. Valmont Industries has a 12-month low of $137.90 and a 12-month high of $176.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.07 and a quick ratio of 3.08. The firm has a market capitalization of $3.30 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, April 18th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.07. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. The business had revenue of $698.68 million during the quarter, compared to the consensus estimate of $682.96 million. During the same quarter last year, the firm posted $1.72 EPS. Valmont Industries’s revenue was up 9.6% compared to the same quarter last year. sell-side analysts expect that Valmont Industries will post 8.04 earnings per share for the current year.
About Valmont Industries
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.
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