Brokerages forecast that US Concrete Inc (NASDAQ:USCR) will announce sales of $441.59 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for US Concrete’s earnings. The highest sales estimate is $452.18 million and the lowest is $431.00 million. US Concrete posted sales of $404.27 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 7th.
On average, analysts expect that US Concrete will report full year sales of $1.57 billion for the current year, with estimates ranging from $1.54 billion to $1.59 billion. For the next year, analysts forecast that the company will post sales of $1.66 billion, with estimates ranging from $1.65 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover US Concrete.
US Concrete (NASDAQ:USCR) last posted its earnings results on Friday, August 9th. The construction company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.62). US Concrete had a return on equity of 3.05% and a net margin of 1.06%. The business had revenue of $367.50 million for the quarter, compared to analyst estimates of $408.18 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis.
NASDAQ:USCR traded up $1.59 during mid-day trading on Friday, hitting $49.88. 208,900 shares of the company’s stock were exchanged, compared to its average volume of 258,210. The company has a current ratio of 1.29, a quick ratio of 1.09 and a debt-to-equity ratio of 2.16. US Concrete has a fifty-two week low of $27.68 and a fifty-two week high of $56.22. The company has a 50 day simple moving average of $47.39 and a 200-day simple moving average of $46.91. The firm has a market capitalization of $812.01 million, a P/E ratio of 25.84 and a beta of 1.35.
In other news, VP Matthew Emmert sold 1,699 shares of US Concrete stock in a transaction on Monday, September 16th. The shares were sold at an average price of $47.55, for a total value of $80,787.45. Following the completion of the sale, the vice president now owns 2,460 shares in the company, valued at approximately $116,973. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Herbert A. Burton sold 1,268 shares of US Concrete stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $47.69, for a total transaction of $60,470.92. Following the completion of the sale, the vice president now owns 5,681 shares of the company’s stock, valued at approximately $270,926.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,717 shares of company stock valued at $176,196. Company insiders own 4.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in US Concrete during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. bought a new stake in US Concrete during the 2nd quarter valued at $61,000. Bank of Montreal Can increased its stake in US Concrete by 1,359.1% during the 2nd quarter. Bank of Montreal Can now owns 1,605 shares of the construction company’s stock valued at $80,000 after purchasing an additional 1,495 shares in the last quarter. Advisory Services Network LLC increased its stake in US Concrete by 20.2% during the 1st quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock valued at $103,000 after purchasing an additional 420 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in US Concrete by 1,100.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,324 shares of the construction company’s stock valued at $165,000 after purchasing an additional 3,047 shares in the last quarter. Institutional investors own 97.53% of the company’s stock.
US Concrete Company Profile
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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