Vulcan Materials (VMC) Expected to Announce Quarterly Earnings on Tuesday

Vulcan Materials (NYSE:VMC) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.76 per share and revenue of $1.81 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Vulcan Materials Trading Up 0.5 %

Shares of VMC opened at $270.58 on Friday. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31. The company has a market cap of $35.73 billion, a P/E ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $267.64 and its 200-day simple moving average is $261.55.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.72%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Analysts Set New Price Targets

VMC has been the topic of several recent analyst reports. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup reduced their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James reduced their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $301.18.

About Vulcan Materials

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.