Valmont Industries (VMI) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $1.25. The company posted revenue of $596.60 million in the period, compared to analysts expectations of $618.56 million. The company’s revenue was down -11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Many Wall Street Analysts have commented on Valmont Industries. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Neutral” and Lowered the Price Target to $ 118 from a previous price target of $121 .
Valmont Industries closed down -0.18 points or -0.15% at $121.28 with 1,74,347 shares getting traded on Monday. Post opening the session at $121.61, the shares hit an intraday low of $120.23 and an intraday high of $121.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 3, 2015, Theodor Werner Freye (director) purchased 896 shares at $111.42 per share price.
Valmont Industries Inc. is a diversified producer of fabricated metal products. The Company is also a producer of steel aluminum and composite pole tower and other structures. It operates in four segments: Engineered Infrastructure Products which consists of the manufacture and distribution of engineered metal and composite structures and components for lighting and traffic Wireless communication offshore structures roadway and access systems applications; Utility Support Structures which consists of the manufacture of steel and concrete structures for the utility industry; Coatings which consists of galvanizing anodizing and coating services and Irrigation which consists of the manufacture of agricultural irrigation equipment and related parts and services for the agricultural industry. Its other activities include the manufacture of steel grinding media for the mining industry tubular products for industrial customers and the distribution of industrial fasteners.