Evaluate the expected performance of Vulcan (VMC) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Vulcan Materials, the largest US construction aggregates supplier, is rated 'Buy' with a one-year target price of $300 per share. Strong pricing power and strategic locations enable Vulcan Materials to maintain solid pricing growth despite volume fluctuations. Anticipated high-single-digit price growth for FY25, supported by demand recovery and falling interest rates, underpins Vulcan's growth outlook.
Vulcan Materials, a leading construction aggregates supplier, shows strong long-term potential due to operational efficiency, pricing power, and strategic acquisitions like Wake Stone. Despite Q3'24 weather-related disruptions and weaker shipments, Vulcan expanded margins and increased free cash flow by 36% year to date. The company's quasi-monopoly status and ability to raise prices yearly justify its premium valuation and make it a strong candidate for long-term investors.
VMC's latest acquisition strengthens its position in California's aggregates market.
Vulcan (VMC) reported earnings 30 days ago. What's next for the stock?
Vulcan Materials Company (NYSE:VMC ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Mark Warren - VP, IR Tom Hill - Chairman & CEO Mary Andrews Carlisle - SVP & CFO Conference Call Participants Garik Shmois - Loop Capital Trey Grooms - Stephens Keith Hughes - Truist Anthony Pettinari - Citigroup Kathryn Thompson - Thompson Research Group Jerry Revich - Goldman Sachs Brent Thielman - D.A. Davidson Phil Ng - Jefferies Timna Tanners - Wolfe Research Michael Dudas - Vertical Research Tyler Brown - Raymond James Adam Thalhimer - Thompson Davis Mike Dahl - RBC Capital Markets Angel Castillo - Morgan Stanley Michael Feniger - Bank of America Operator Good morning.
VMC's third-quarter results reflect lower volumes stemming from unfavorable weather conditions but an improved pricing environment.
While the top- and bottom-line numbers for Vulcan (VMC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Vulcan Materials (VMC) came out with quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.29 per share a year ago.
VMC's third-quarter 2024 performance is likely to have been affected by adverse weather conditions and cost inflation.
Evaluate the expected performance of Vulcan (VMC) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Vulcan (VMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.