Vulcan Materials Co (NYSE: VMC) has reported E.P.S. of $0.79 for its first fiscal quarter (ending March 31) versus $0.92 for the same period a year ago — a decline of -14%. Relative to the consensus estimate of $1.03, this was a shortfall of $-0.24. For the latest four quarters through March 31, E.P.S. were $6.96 versus $4.69 for the same period a year ago — an increase of 48%.
Recent Price Action
Vulcan Materials Co (NYSE: VMC) stock increased 1.8% on 5/2/24. The shares closed at $264.41. Moreover, unusually high trading volume at 195% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
VMC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Vulcan Materials has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Vulcan Materials has a poor Appreciation Score of 27 but a good Power Rating of 77, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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