Valmont Upped to Outperform - Analyst Blog
2013年7月13日 - 5:00AM
Zacks
On Jul 11, we upgraded steel pipe
and tube company Valmont Industries, Inc. (VMI) to
Outperform. Our view reflects strong demand environment across
utility and irrigation markets.
Why the Upgrade?
Valmont had a strong first-quarter 2013 (reported on Apr 18) with
both revenues and earnings topping Zacks Consensus Estimates.
Revenues rose by double digits, buoyed by healthy gains across the
company’s Utility Support Structures and Irrigation segments and
contributions of acquisitions.
Following the release of the first quarter results, the Zacks
Consensus Estimate for 2013 for Valmont went up 3.55% to $10.80 per
share. The Zacks Consensus Estimate for 2014 has also moved up
1.43% to $11.35. With Zacks Consensus Estimates for both 2013 and
2014 moving up, the company now has a Zacks Rank #1 (Strong
Buy).
Valmont’s strong presence in emerging markets should enable it to
deliver incremental earnings in 2013. Its Irrigation and Coatings
segments are witnessing strong momentum.
In the Irrigation segment, improving North American equipment
demand amid the ongoing drought conditions and higher farm income
is boosting sales and profitability.
Valmont is also poised to savor incremental opportunity in the
utility market. The global transmission and distribution markets
are seen as major long-term growth opportunities. Moreover, its
Coatings segment is benefiting from moderating zinc prices and
declining energy costs.
Valmont is actively pursuing capacity expansion through new
constructions and extension of existing facilities to meet the
increasing demand from utility customers in North America. We are
also encouraged by its commitment to boost shareholder returns
through higher dividend payouts.
Other Stocks to Consider
Other companies in the steel industry with favorable Zacks Rank are
Kobe Steel Ltd. (KBSTY), Shiloh Industries
Inc. (SHLO) and Nippon Steel & Sumitomo Metal
Corporation (NSSMY). All of them hold a Zacks Rank #1
(Strong Buy).
KOBE STEEL-ADR (KBSTY): Get Free Report
NIPPON STEEL CP (NSSMY): Get Free Report
SHILOH INDS INC (SHLO): Get Free Report
VALMONT INDS (VMI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Shiloh Industries (NASDAQ:SHLO)
過去 株価チャート
から 6 2024 まで 7 2024
Shiloh Industries (NASDAQ:SHLO)
過去 株価チャート
から 7 2023 まで 7 2024
Real-Time news about Shiloh Industries Inc (ナスダック市場): 0 recent articles
その他のShiloh Industries, Inc. (MM)ニュース記事