Vulcan Materials Co (NYSE: VMC) has reported earnings for its second fiscal quarter (ending June 30) of $2.34 versus $2.34 for the same period a year ago — flat performance. This performance was $-0.16 short of the consensus estimate of $2.50. E.P.S. were $6.96 for the latest four quarters through June 30 versus $5.53 for the same period a year ago — an increase of 26%.
Recent Price Action
On 8/6/24, Vulcan Materials Co (NYSE: VMC) stock declined by -4.4%, closing at $246.14. Moreover, trading volume in this decline was exceptionally high at 278% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.0% 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 contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Vulcan Materials has a poor Appreciation Score of 27 but a slightly positive Power Rating of 67, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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