Vulcan Materials Set for Strong Q3 Earnings on Infrastructure Boom
Vulcan Materials Company (VMC) is set to report its fiscal third-quarter earnings on October 30. Analysts predict a strong performance, with a bullish consensus and a target price of approximately $190 per share.
VMC, headquartered in Birmingham, Alabama, specializes in construction aggregates, asphalt mix, concrete, and cement. Its outperformance is attributed to increased federal and state funding for highway and public works projects, as well as renewed momentum in private non-residential construction.
In the second quarter, VMC reported adjusted EPS of $2.45, slightly missing Wall Street expectations. However, analysts remain optimistic, expecting a profit of $2.66 per share in the third quarter, up 19.8% year-over-year. For the full year, EPS is expected to reach $8.44, up 12.1% from fiscal 2024. VMC's stock has been outperforming the S&P 500 Index and the Materials Select Sector SPDR Fund over the past 52 weeks, with a market capitalization valued at $40.2 billion.
VMC's earnings report on October 30 is anticipated to reflect the company's strong performance, driven by increased infrastructure spending and robust demand in the construction sector. Analysts' bullish consensus and target price of approximately $190 per share indicate a positive outlook for the company.
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