Valmont Industries (NYSE:VMI) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.30-8.00 for the period, compared to the Thomson Reuters consensus estimate of $8.88. The company issued revenue guidance of $2.878-2.961 billion, compared to the consensus revenue estimate of $2.96 billion.Valmont Industries also updated its FY20 guidance to $7.30-8.00 EPS.
A number of equities analysts have commented on VMI shares. Stifel Nicolaus set a $152.00 target price on shares of Valmont Industries and gave the stock a buy rating in a research note on Friday, October 25th. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Valmont Industries presently has an average rating of Hold and an average price target of $150.33.
VMI stock traded down $19.53 during mid-day trading on Thursday, reaching $134.68. The company had a trading volume of 308,673 shares, compared to its average volume of 89,948. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.62 and a quick ratio of 1.90. The company has a market capitalization of $3.10 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. The firm has a 50 day moving average of $148.98 and a 200 day moving average of $141.83. Valmont Industries has a 12 month low of $112.94 and a 12 month high of $154.86.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
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