Right now,
Valmont Industries Inc. (NYSE:VMI) share price is at $239.28, after a 0.23% gain. Moreover, over the past month, the stock fell by 0.21%, but in the past year, increased by 110.29%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session.
Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 4.91%.
The P/E ratio measures the current share price to the company s earnings per share. It is used by long-term investors to analyze the company s current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It a
Provided by Business Wire
Valmont Commemorates Installation of One-Megawatt Solar Field at Valley, Nebraska Facility
At a ribbon cutting ceremony today, Valmont Industries, Inc., a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, celebrated the interconnection of its first one-megawatt solar field at its manufacturing facility in Valley, Nebraska.
Valmont’s 1MW solar array installation located in Valley, NE (Photo: Business Wire)
“We are excited to improve our sustainability performance with the interconnection of this solar field, which is expected to produce 1.7 gigawatt hours of grid-independent power annually for our Valley facility,” said Stephen G. Kaniewski, President and Chief Executive Officer. “Using our own Valmont solar tracker technology, the field will provide the Valley campus with six percent of its electricity needs.”
Quarterly Results
Earnings per share increased 29.15% over the past year to $2.57, which beat the estimate of $2.12.
Revenue of $774,886,000 higher by 14.93% year over year, which beat the estimate of $756,270,000.
Guidance
Revenue guidance hasn t been issued by the company for now.
Technicals
Company s 52-week low was at $98.00
Price action over last quarter: Up 6.32%
Company Overview
Valmont Industries Inc is a diversified global producer of fabricated metal products, steel, pole structures, towers, irrigation systems, and other components. Manufactured and engineered structures serve the global lighting and traffic, wireless communication, electrical distribution, and roadway safety industries. Other solutions help people and components move safely and effectively in an industrial, infrastructure, or commercial facility. Valmont has four operating segments: engineered support structures, utility support structures, coatings, irrigation and Other. Customers are primarily s
Research and Markets: European Micro Irrigation Systems Market (2021 to 2028) - Increased Demand from Nursery and Commercial Gardens Presents Opportunities - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
This report has concluded that the micro irrigation systems market in Europe is estimated to thrive at a compound annual growth rate of 15.68% during 2021-2028. Germany, Italy, Spain, Russia, the United Kingdom, France, and Rest of Europe shape the market in this region.
In France, the agricultural sector has evolved significantly due to the standard agricultural policy across Europe. Moreover, the country s agricultural resources largely contribute to the extensive production of wheat, cereals, potatoes, wine grapes, and dairy products. Besides, France is observing a rising market penetration of innovative agriculture solutions in farms, resulting in reduced labor demand and enhanced productivity. Above all, the adoption of micro irrigation systems is anticipated to
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ResearchAndMarkets.com s offering.
The global Crash barrier systems market is estimated to be USD 7.6 billion in 2021 and is projected to reach USD 9.0 billion by 2026, at a CAGR of 3.3% from 2021 to 2026.
The growth is due to the growing construction and automotive industries throughout the world. Crash barrier systems finds applications in various roadside barrier, median barrier, bridge barrier, work zone barrier and others. The roadside barrier segment led the Crash barrier systems market in 2020, accounting for a share of 54.3%, in terms of value.
Flexible Barrier is expected to be the fastest growing technology in the Crash barrier systems market during the forecast period.