(FRK) - Earnings per share totaled 86 cents. The result exceeded the consensus estimate of 62 cents

Florida Rock Industries, Inc. (FRK) remains a Zacks #1 Rank (Strong Buy) company and maintains its history of exceeding analysts' earnings estimates. Earnings per share topped the consensus forecasts over the past five consecutive quarters and have grown 22% over the past five years. FRK's fiscal second-quarter earnings per share result exceeded Wall Street expectations and beat the year-ago total. Full Analysis Florida Rock Industries, Inc. produces construction materials, concentrating its operations in the Southeastern and Mid-Atlantic states. The company operates in three segments: construction aggregates, concrete products and cement and calcium products. During the past five straight quarters, FRK delivered earnings per share that have been ahead of analysts' expectations by an average margin of 15.82%. Earnings per share have grown 22% over the past five years and are forecasted to grow at 15% over the next 3-5 years. Florida Rock Industries, Inc., a Zacks #1 Rank (Strong Buy) company, reported fiscal second-quarter financial result on April 25, 2006. Earnings per share totaled 86 cents. The result exceeded the consensus estimate of 62 cents and outperformed the previous year's second quarter. Consolidated total sales increased 39.7% year-over-year. The company noted that this increase was driven by volume increases and improved pricing in all three segments. President and CEO John Baker stated that the second quarter results benefited from improved weather, pricing and demand in substantially all of the company's markets. FRK mentioned that its outlook remains quite positive. Analysts' estimates remain positive as well. Earnings forecasts for the upcoming quarter and for fiscal 2006 have been on the rise. The current consensus estimate for third-quarter fiscal 2006 earnings of 91 cents per share is 10% higher than 90 days ago. Estimates for fiscal 2006 profits have been upped 11% over the same time period. In early May, the company's Board of Directors approved a quarterly dividend of 15 cents per share. The company's current dividend yield is at approximately 1% and it offers a five-year average dividend yield of 1.27%. The stock trades at a valuation of 29.66x trailing 12-month earnings and at 14.8x its current fiscal year estimated earnings. Note: The Zacks Rank is a very sensitive indicator that can change frequently for an individual stock. The ranks are updated every Monday morning on Zacks.com. As such, it is prudent to check the site for the latest Zacks Rank on the stocks highlighted in this section. Simply click the link for the stock or enter the symbol in the ticker entry box in the upper left hand corner of the web site. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. Blog Home