Vulcan Materials Company (VMC) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Vulcan Materials Company (VMC) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.90 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $1.01. The company posted revenue of $956.80 million in the period, compared to analysts expectations of $1020.57 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Vulcan Materials Company. Company shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $127 .Alembic Global Advisors Initiated Vulcan Materials Company on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $125.Company shares were Reiterated by Stifel on May 16, 2016 to “Buy”, Firm has raised the Price Target to $ 131 from a previous price target of $123 .

Vulcan Materials Company closed down -2.96 points or -2.33% at $123.98 with 16,02,730 shares getting traded on Friday. Post opening the session at $126.78, the shares hit an intraday low of $123.5 and an intraday high of $126.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Jul 8, 2016, Vulcan Materials Company announced a cash dividend of $0.2000. The company’s management has announced Aug 22, 2016 as the ex-dividend date and fixed the record date on Aug 24, 2016. The payable date has been fixed on Sep 9, 2016.

In a different news, on Jun 16, 2016, David P Clement (President – Central Division) sold 1,255 shares at $113.17 per share price. According to the SEC, on Mar 14, 2016, David B. Pasley (President – Mountain West Div) sold 200 shares at $103.27 per share price. On Nov 10, 2015, David J Grayson (President, Southeast Division) sold 3,614 shares at $100.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates Concrete Asphalt Mix and Calcium. The Aggregates segment produces and sells aggregates (crushed stone sand and gravel sand and other aggregates) and related products and services (transportation and other). The Company produces and sells ready-mixed concrete in Georgia Maryland New Mexico Texas Virginia Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona California New Mexico and Texas. The Company’s Calcium segment operates a quarry at Brooksville Florida which provides feedstock for the ground calcium operation.

Vulcan Materials Company

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