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Stock Market & Financial Investment News

News Breaks
June 24, 2014
17:36 EDTVMIValmont lowers FY14 EPS view to $9.35-$9.65 from prior view $10.00-$10.50
Consensus for FY14 EPS is $10.37.
News For VMI From The Last 14 Days
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March 1, 2015
18:23 EDTVMIValmont could reach $180 per share in the next three years, Barron's says
Valmont could reach $180 per share in the next three years as the stock's historical multiple of fifteen times earnings implies that price target, Barron's contends in its 'Sizing Up Small Caps' column. Investors may want to add the stock to their portfolio, the paper adds. Reference Link
February 24, 2015
17:33 EDTVMIValmont authorizes new share repurchase program
Valmont Industries announced that its board has authorized the additional repurchase of $250M of its common stock outstanding. As of February 24, the company had approximately $55M remaining under the $500M share repurchase authorization announced in May 2014. The purchases will be funded from available cash flows and cash balances and will be made subject to market and economic conditions. Shares repurchased will be available for general corporate purposes, including acquisitions.
February 17, 2015
17:33 EDTVMIValmont anticipates difficult market environment to continue along FY15
"Looking forward to 2015, we anticipate a difficult market environment to continue," company said. "Results of the Irrigation Segment are expected to be negatively affected by lower commodity prices and large inventories of major crops such as corn and soybeans. The markets for our Engineered Infrastructure Products Segment are not expected to see meaningful improvement in public spending on infrastructure both in the U.S. and international markets. In the Utility Segment, the size of the market in North America should continue near current levels, but we will not experience the growth we have seen over the last number of years, and the pricing environment remains difficult. Our Coatings Segment should do well in our home market but face difficult markets internationally, particularly in Australia. We have a number of infrastructure businesses in Australia exposed to a weak economy there. Adding to our challenges, the significantly stronger U.S. Dollar will dampen export profitability from the U.S. and reduce foreign revenues and earnings when translated into U.S. dollars. In this environment, our focus will be on the quality of our earnings through operational excellence."
17:31 EDTVMIValmont reports Q4 adj. EPS $1.62, consensus $1.65
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15:32 EDTVMINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.

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