Valmont Industries, Inc. (NYSE:VMI) is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.44 per share.
For the full year, analysts predict revenues of $ 2680.64 million, while looking forward to income of $ 6.41 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 645.00 million ~ $ 665.00 million
Full Year 2020 topline are forecasted in a range of$ 2,878.00 million ~ $ 2,961.00 million, where as bottomline are predicted in a range of $ 7.30 ~ $ 8.00 per share
Click Here For More Historical Outlooks Of Valmont Industries, Inc.
Previous Quarter Performance
Valmont Industries, Inc. posted income for the first quarter of $ 1.99 per share, from the revenue of $ 674.20 million. The quarterly earnings developed 19.88 percent while revenues down 1.25 percent compared with the same quarter last year.
Wall street analysts are predicting, VMI to report 1Q20 income of $ 1.39 per share from revenue of $ 674.66 million. The bottom line results beat street analysts by $ 0.6 or 43.17 percent, at the same time, top line results fell short of analysts by $ 0.46 million or 0.07 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VMI was $ 118.12, representing a 43.00 % increase from the 52 week low of $ 82.60 and a 23.72 % decrease over the 52 week high of $ 154.86.
The company has a market capital of $ 2.54 billion and is part of the Industrials sector and Metal Fabrication industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.45 per share on June 1, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 26, 2020 and ex-dividend date on June 25, 2020.
Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation.
