Vulcan Materials Company (NYSE:VMC) producer of construction materials, is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.62 per share.
Looking ahead, the full year income are expected at $ 4.64 per share on the revenues of $ 4909.72 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.20 ~ $ 5.80 per share
Click Here For More Historical Outlooks Of Vulcan Materials Company
Previous Quarter Performance
Vulcan Materials Company revealed income for the second quarter of $ 1.60 per share, from the revenue of $ 1,323.00 million. The quarterly earnings grew 8.11 percent while revenues shrunk 0.35 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.38 per share from $ 1297.95 million in revenue. The bottom line results beat street analysts by $ 0.22 or 15.94 percent, at the same time, top line results outshined analysts by $ 25.05 million or 1.93 percent.
Stock Performance
Shares of Vulcan Materials Company traded low $ -13.80 or -9.19 percent on Wednesday, reaching $ 136.36 with volume of 3.21 million shares. Vulcan Materials Company has traded high as $ 142.85 and has cracked $ 131.36 on the downward trend
The closing price of $ 136.36, representing a 129.04 % increase from the 52 week low of $ 65.56 and a 2.42 % decrease over the 52 week high of $ 153.88.
The company has a market capital of $ 18.06 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Bank of America to Neutral from Buy rating.
- On 8th October 2020, upgraded by Deutsche Bank to Buy from Hold rating.
Conference Call
Vulcan Materials Company will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vulcanmaterials.com
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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.
