Headlines about U S Concrete (NASDAQ:USCR) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. U S Concrete earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.5026244643419 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Buy U.S. Concrete On Trump’s Executive Order And Strong Q2 Results (seekingalpha.com)
- US CONCRETE INC : Mine Safety – Reporting of Shutdowns and Patterns of Violations (form 8-K) (4-traders.com)
- U S Concrete, Inc. (USCR) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- See what the IHS Markit Score report has to say about US Concrete Inc. (finance.yahoo.com)
- U S Concrete, Inc. Expected to Earn FY2017 Earnings of $3.89 Per Share (NASDAQ:USCR) (americanbankingnews.com)
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday. Citigroup Inc. increased their price objective on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, TheStreet raised shares of U S Concrete from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $83.50.
Shares of U S Concrete (NASDAQ:USCR) opened at 77.20 on Friday. The stock has a market cap of $1.21 billion, a P/E ratio of 48.92 and a beta of 1.22. U S Concrete has a one year low of $42.82 and a one year high of $80.45. The stock’s 50 day moving average is $77.92 and its 200-day moving average is $69.45.
U S Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The business had revenue of $340.90 million for the quarter, compared to analyst estimates of $342.60 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. On average, equities analysts forecast that U S Concrete will post $3.99 EPS for the current year.
In related news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $68.08, for a total value of $442,520.00. Following the sale, the chief executive officer now owns 438,617 shares in the company, valued at $29,861,045.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jeffrey W. Roberts sold 2,394 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $68.00, for a total value of $162,792.00. Following the completion of the sale, the vice president now owns 34,422 shares in the company, valued at approximately $2,340,696. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,044 shares of company stock worth $1,701,933. 5.90% of the stock is owned by insiders.
About U S Concrete
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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