Valmont Reports Fourth Quarter Loss Due To Restructuring Initiative and Other One-time Charges and Reinstates Annual Guidance
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Wedbush Expects Increase in EPS for Valmont Industries' (VMI) FY16; Reiterates Neutral
February 19, 2016 9:58 AM ESTWedbush reiterated a Neutral rating on Valmont Industries (NYSE: VMI), and cut the price target to $118.00 (from $121.00), following the company's 4Q earnings report. Valmont reported net sales of $633.8 million, below the consensus estimates of $671.1 million. Adjusted EPS of $1.35 was also below the consensus estimates of... More
Valmont Industries (VMI) Misses Q4 EPS by 4c, Offers Outlook
February 17, 2016 5:45 PM ESTValmont Industries (NYSE: VMI) reported Q4 EPS of $1.35, $0.04 worse than the analyst estimate of $1.39. Revenue for the quarter came in at $633.8 million versus the consensus estimate of $671.09 million.
2016 Outlook:
2016 annual guidance and assumptions include:
Revenue: Slightly lower, which includes expectations for reduced... More
