$1.62 EPS Expected for Valmont Industries, Inc. (VMI)

September 17, 2017 - By Marguerite Chambers

 $1.62 EPS Expected for Valmont Industries, Inc. (VMI)
Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.15, from 0.82 in 2016Q3. It is positive, as 12 investors sold Valmont Industries, Inc. shares while 88 reduced holdings. 30 funds opened positions while 67 raised stakes. 18.21 million shares or 2.73% less from 18.72 million shares in 2016Q3 were reported.
Invesco Limited reported 190,545 shares or 0.01% of all its holdings. Argent Mngmt Limited Liability reported 2,592 shares. Mutual Of America Cap Management Lc reported 17,506 shares. Guggenheim Cap Lc reported 0% in Valmont Industries, Inc. (NYSE:VMI). Ls Inv Advsr Limited Com accumulated 1,576 shares. The Wisconsin-based Mason Street Advsr Limited Company has invested 0.04% in Valmont Industries, Inc. (NYSE:VMI). Amer Century accumulated 0.02% or 123,308 shares. Blackrock Advisors Limited Com holds 12,994 shares. Delta Asset Mgmt Ltd Com Tn holds 0.03% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 1,370 shares. Moreover, Highlander Cap Management Limited Com has 0.56% invested in Valmont Industries, Inc. (NYSE:VMI) for 4,600 shares. 500,800 were accumulated by Fmr Limited Liability Company. Principal Gru stated it has 0.02% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Next Group has 7 shares for 0% of their portfolio. Pacad reported 1,410 shares or 0.03% of all its holdings. Utah Retirement Systems holds 0.01% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 4,119 shares.

Wall Street await Valmont Industries, Inc. (NYSE:VMI) to release earnings on October, 18 after the close. Analysts forecast earnings per share of $1.62, up exactly $0.14 or 9.46 % from 2014’s $1.48 EPS. The expected VMI’s profit could reach $36.62 million giving the stock 23.21 P/E in the case that $1.62 earnings per share is reported. After posting $2.01 EPS for the previous quarter, Valmont Industries, Inc.’s analysts now forecast -19.40 % negative EPS growth. The stock decreased 1.05% or $1.6 on September 15, reaching $150.4. About 297,225 shares traded or 179.10% up from the average. Valmont Industries, Inc. (NYSE:VMI) has risen 14.56% since September 17, 2016 and is uptrending. It has underperformed by 2.14% the S&P500.

Valmont Industries, Inc. (NYSE:VMI) Ratings Coverage

Among 4 analysts covering Valmont Industries Inc. (NYSE:VMI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Valmont Industries Inc. had 8 analyst reports since January 12, 2016 according to SRatingsIntel. Boenning & Scattergood maintained Valmont Industries, Inc. (NYSE:VMI) rating on Friday, August 11. Boenning & Scattergood has “Buy” rating and $18500 target. The firm has “Buy” rating given on Wednesday, August 30 by Stifel Nicolaus. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Buy” rating given on Friday, July 14 by Stifel Nicolaus. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Hold” rating given on Thursday, July 20 by Boenning & Scattergood. As per Thursday, July 20, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of VMI in report on Friday, April 21 with “Buy” rating. Wedbush maintained it with “Neutral” rating and $118 target in Friday, February 19 report.

Valmont Industries, Inc. is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The company has market cap of $3.40 billion. The Company’s divisions are Engineered Support Structures ; Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other. It has a 18.64 P/E ratio. The ESS segment makes steel, aluminum, and composite poles and structures.

More notable recent Valmont Industries, Inc. (NYSE:VMI) news were published by: Seekingalpha.com which released: “Backing Off The Bull Case For Valmont Industries” on March 27, 2017, also Seekingalpha.com with their article: “Valmont Industries: A Correction Would Provide An Opportunity” published on May 18, 2017, Streetinsider.com published: “Valmont Industries (VMI) Reports Sale of Mining Consumables Business” on August 25, 2017. More interesting news about Valmont Industries, Inc. (NYSE:VMI) were released by: Streetinsider.com and their article: “Valmont Industries (VMI) Appoints Stephen Kaniewski as CEO” published on June 26, 2017 as well as Seekingalpha.com‘s news article titled: “Valmont Industries’ (VMI) CEO Mogens Bay on Q2 2017 Results – Earnings Call …” with publication date: July 20, 2017.

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