Valmont Industries, Inc. (NYSE:VMI) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, VMI is expected to report 3Q20 income of $ 1.72 per share from revenue of $ 689.54 million.
For the full year, analysts anticipate top line of $ 2741.14 million, while looking forward to income of $ 7.32 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 680.00 million ~ $ 700.00 million
Full Year 2020 topline are forecasted in a range of$ 2,878.00 million ~ $ 2,961.00 million, where as bottomline are predicted in a range of $ 7.30 ~ $ 8.00 per share
Click Here For More Historical Outlooks Of Valmont Industries, Inc.
Previous Quarter Performance
Valmont Industries, Inc. disclosed income for the second quarter of $ 2.00 per share, from the revenue of $ 688.81 million. The quarterly earnings elevated 5.26 percent while revenues reduced 1.72 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.44 per share from $ 653.87 million in revenue. The bottom line results beat street analysts by $ 0.56 or 38.89 percent, at the same time, top line results outshined analysts by $ 34.94 million or 5.34 percent.
Stock Performance
Shares of Valmont Industries, Inc. traded up $ 1.66 or 1.22 percent on Tuesday, reaching $ 137.50 with volume of 105.20 thousand shares. Valmont Industries, Inc. has traded high as $ 138.48 and has cracked $ 136.08 on the downward trend
The closing price of $ 137.50, representing a 64.46 % increase from the 52 week low of $ 82.60 and a 12.28 % decrease over the 52 week high of $ 154.86.
The company has a market capital of $ 2.94 billion and is part of the Industrials sector and Metal Fabrication industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.45 per share on August 31, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 25, 2020 and ex-dividend date on September 24, 2020.
Conference Call
Valmont Industries, Inc. will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.valmont.com
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.
