Vulcan Materials Company (VMC), America's largest aggregates supplier, sets its Q2 earnings call and announces its quarterly dividend on common stock. Analysts expect an 11.9% YoY profit surge for Q2 earnings, attributing the company's stock performance to its attractive financial prospects. The company also recorded strong trading volumes, reaching 287th and then 340th position with turnovers of $357 million and $376 million, respectively. Despite the surge in earnings, the company's stock dropped 10% in Q4. They also register mixed performance with their sales falling below analyst estimates in Q1. Despite some investors finding their stock pricey, analysts suggest VMC as one of the best construction stocks to buy. Speculations of an acquisition of a leading building materials company in Southern California strengthen VMC's growth narrative in the construction industry. However, the company is reported to have a mine safety violation. The CEO & Chairman, James Hill, also announced selling his stock. VMC's strong Q4 earnings have set the path for infrastructure growth and outperformed analysts' expectations. It is expected that the company will continue to exhibit strong market performance, backed by robust financials and strategic plans.
Vulcan Materials Company VMC News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 19 Jul 2025 08:00:54 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor -4
