Valmont Industries (VMI) Getting Somewhat Favorable Media Coverage, Study Shows

News stories about Valmont Industries (NYSE:VMI) have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Valmont Industries earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 48.368839094254 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several equities research analysts recently issued reports on VMI shares. Zacks Investment Research lowered shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Boenning Scattergood reissued a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a report on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $183.00 target price on shares of Valmont Industries in a report on Tuesday, October 17th. Seaport Global Securities started coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price for the company. Finally, BidaskClub lowered shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $176.50.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The company had revenue of $680.78 million during the quarter, compared to analyst estimates of $652.65 million. During the same period in the previous year, the firm posted $1.48 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, September 28th. Valmont Industries’s payout ratio is presently 17.90%.

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Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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