Equities analysts predict that Sterling Construction Company, Inc. (NASDAQ:STRL) will post sales of $214.20 million for the current quarter, according to Zacks. Two analysts have made estimates for Sterling Construction’s earnings. The lowest sales estimate is $207.90 million and the highest is $220.50 million. Sterling Construction reported sales of $153.42 million in the same quarter last year, which indicates a positive year over year growth rate of 39.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that Sterling Construction will report full year sales of $214.20 million for the current year. For the next financial year, analysts forecast that the business will post sales of $1.10 billion per share, with estimates ranging from $1.09 billion to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Sterling Construction.
Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Monday, March 5th. The construction company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $253.90 million during the quarter, compared to analyst estimates of $221.53 million. Sterling Construction had a return on equity of 10.76% and a net margin of 1.21%. The company’s revenue for the quarter was up 50.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) EPS.
A number of equities research analysts have issued reports on STRL shares. BidaskClub lowered shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, TheStreet raised shares of Sterling Construction from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Sterling Construction presently has an average rating of “Hold” and an average price target of $17.00.
In related news, COO Con L. Wadsworth bought 8,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was bought at an average price of $12.43 per share, with a total value of $99,440.00. Following the purchase, the chief operating officer now directly owns 68,670 shares of the company’s stock, valued at approximately $853,568.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.
Several large investors have recently modified their holdings of STRL. Millennium Management LLC acquired a new stake in shares of Sterling Construction in the 4th quarter valued at $14,188,000. Northpointe Capital LLC acquired a new stake in shares of Sterling Construction in the 4th quarter valued at $6,149,000. State Street Corp lifted its stake in shares of Sterling Construction by 2,766.2% in the 2nd quarter. State Street Corp now owns 340,078 shares of the construction company’s stock valued at $4,446,000 after purchasing an additional 328,213 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sterling Construction by 17.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,924,700 shares of the construction company’s stock valued at $31,334,000 after purchasing an additional 283,200 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Sterling Construction by 354.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 295,272 shares of the construction company’s stock valued at $4,497,000 after purchasing an additional 230,272 shares during the last quarter. 74.87% of the stock is owned by institutional investors.
Shares of STRL stock opened at $12.14 on Wednesday. The stock has a market cap of $336.79, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.25 and a beta of 0.34. Sterling Construction has a 52 week low of $8.54 and a 52 week high of $18.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.50 and a current ratio of 1.53.
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About Sterling Construction
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
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