U S Concrete, Inc. (NASDAQ:USCR) is scheduled to announce its earnings results on Friday, November 3rd. Analysts expect the company to announce earnings of $1.46 per share for the quarter.
U S Concrete (NASDAQ:USCR) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, topping the 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 during the quarter, compared to analyst estimates of $342.60 million. During the same period last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts expect U S Concrete to post $3.89 EPS for the current fiscal year and $4.84 EPS for the next fiscal year.
In related news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the sale, the chief executive officer now directly owns 412,091 shares of the company’s stock, valued at approximately $31,236,497.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Andrew Behring sold 361 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16. Following the sale, the vice president now directly owns 10,804 shares of the company’s stock, valued at $881,174.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,611 shares of company stock valued at $579,808. 5.90% of the stock is owned by corporate insiders.
USCR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine upgraded U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. upped their price objective on U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $98.00 price objective on shares of U S Concrete in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.00.
U S Concrete Company Profile
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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