Valmont Industries (VMI) Expected to Announce Quarterly Earnings on Tuesday

Valmont Industries (NYSE:VMI) is expected to be releasing its earnings data before the market opens on Tuesday, February 18th. Analysts expect Valmont Industries to post earnings of $3.63 per share and revenue of $1.01 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Valmont Industries Stock Performance

VMI opened at $319.86 on Friday. The firm has a 50 day moving average of $321.69 and a two-hundred day moving average of $310.05. The firm has a market capitalization of $6.41 billion, a PE ratio of 21.73 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries has a 12-month low of $202.01 and a 12-month high of $354.13.

Insider Activity

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th. DA Davidson boosted their price objective on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.