Valmont Industries (NYSE:VMI – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.08, Briefing.com reports. The firm had revenue of $977.83 million during the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.54 EPS. Valmont Industries updated its FY 2024 guidance to 15.400-16.400 EPS.
Valmont Industries Stock Performance
Shares of NYSE:VMI traded up $33.55 during trading on Thursday, hitting $241.25. 335,731 shares of the stock were exchanged, compared to its average volume of 170,180. Valmont Industries has a 1-year low of $188.63 and a 1-year high of $303.57. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 34.42 and a beta of 1.05. The company’s fifty day simple moving average is $215.91 and its 200-day simple moving average is $220.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.47.
Valmont Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, March 27th. Valmont Industries’s payout ratio is presently 35.61%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on VMI
About Valmont Industries
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.
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