Valmont Industries (NYSE:VMI – Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $3.24 by $1.08, Briefing.com reports. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The business had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same quarter in the prior year, the business earned $3.54 earnings per share. Valmont Industries’s revenue for the quarter was down 8.0% on a year-over-year basis. Valmont Industries updated its FY 2024 guidance to 15.400-16.400 EPS.
Valmont Industries Stock Performance
Shares of VMI opened at $246.25 on Friday. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $303.57. The stock’s 50-day simple moving average is $216.97 and its 200 day simple moving average is $220.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.56 and a current ratio of 2.64. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 32.44 and a beta of 1.05.
Valmont Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.97%. Valmont Industries’s payout ratio is 31.62%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis 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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