Valmont Industries (VMI) Expected to Announce Earnings on Tuesday

Valmont Industries (NYSE:VMI) is projected to release its earnings data before the market opens on Tuesday, February 18th. Analysts expect Valmont Industries to post earnings of $3.63 per share and revenue of $1.01 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Valmont Industries Stock Performance

NYSE VMI opened at $319.86 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $321.69 and its 200-day simple moving average is $310.05. The company has a market cap of $6.41 billion, a PE ratio of 21.73 and a beta of 1.05. Valmont Industries has a 1-year low of $202.01 and a 1-year high of $354.13.

Insider Buying and Selling at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the sale, the director now owns 131,730 shares in the company, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. DA Davidson upped their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

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.