Media stories about US Concrete (NASDAQ:USCR) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. US Concrete earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.9516876180761 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- US Concrete (USCR) Announces Strategic Acquisition of Cherokee Bridge and Road Inc. in West Texas (streetinsider.com)
- U.S. Concrete Completes Strategic Bolt-on Acquisition in Texas (finance.yahoo.com)
- Analysts Anticipate US Concrete Inc (USCR) to Post $1.03 EPS (americanbankingnews.com)
- Reviewing US Concrete (USCR) & Loma Negra Compania Indl Argentina (LOMA) (americanbankingnews.com)
- U.S. Concrete Gets Relative Strength Rating Upgrade (finance.yahoo.com)
A number of equities research analysts have weighed in on USCR shares. DA Davidson reiterated a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Zacks Investment Research cut shares of US Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine upgraded shares of US Concrete from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target on shares of US Concrete in a research report on Thursday, September 28th. Finally, BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $89.00.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The business had revenue of $354.60 million during the quarter, compared to analyst estimates of $364.16 million. US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. research analysts expect that US Concrete will post 3.11 EPS for the current fiscal year.
In related news, Director Kurt Matthew Cellar sold 10,060 shares of US Concrete stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.11, for a total value of $805,906.60. Following the completion of the transaction, the director now owns 40,081 shares in the company, valued at $3,210,888.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Niel L. Poulsen sold 20,644 shares of US Concrete stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.42, for a total transaction of $1,660,190.48. Following the completion of the transaction, the executive vice president now owns 16,665 shares of the company’s stock, valued at approximately $1,340,199.30. The disclosure for this sale can be found here. Insiders sold 32,954 shares of company stock valued at $2,648,939 in the last 90 days. Company insiders own 5.90% of the company’s stock.
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US 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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