U S Concrete, Inc. (NASDAQ:USCR) released its earnings results on Friday. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47), Bloomberg Earnings reports. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same period last year, the firm earned $1.19 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.
U S Concrete (USCR) opened at $78.15 on Friday. U S Concrete has a twelve month low of $45.05 and a twelve month high of $83.85. The stock has a market capitalization of $1,250.71, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.95 and a quick ratio of 1.79.
USCR has been the subject of a number of research reports. BidaskClub downgraded U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. lifted their target price on U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, August 15th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price target on shares of U S Concrete in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. U S Concrete presently has an average rating of “Hold” and an average target price of $89.00.
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In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the transaction, the chief executive officer now directly owns 412,091 shares of the company’s stock, valued at $31,236,497.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Andrew Behring sold 361 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the transaction, 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. Insiders sold 8,061 shares of company stock valued at $614,718 over the last three months. 5.90% of the stock is currently owned by corporate insiders.
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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