Analysts expect Sterling Construction Company, Inc. (NASDAQ:STRL) to post $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sterling Construction’s earnings, with estimates ranging from $0.18 to $0.28. Sterling Construction also reported earnings per share of $0.23 during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Sterling Construction will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.95. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sterling Construction.
Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Monday, May 7th. The construction company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Sterling Construction had a return on equity of 13.26% and a net margin of 1.59%. The business had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $203.10 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 45.0% on a year-over-year basis.
STRL has been the subject of a number of research reports. TheStreet raised Sterling Construction from a “c+” rating to a “b” rating in a research note on Friday, June 1st. BidaskClub raised Sterling Construction from a “strong sell” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut Sterling Construction from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut Sterling Construction from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Sterling Construction has an average rating of “Hold” and a consensus target price of $15.00.
Shares of Sterling Construction traded up $0.29, reaching $13.81, during trading on Wednesday, according to MarketBeat Ratings. The stock had a trading volume of 189,112 shares, compared to its average volume of 215,112. Sterling Construction has a fifty-two week low of $9.42 and a fifty-two week high of $18.90. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $364.23 million, a PE ratio of 25.09, a PEG ratio of 1.30 and a beta of 0.46.
In related news, Director Marian M. Davenport sold 8,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $12.81, for a total transaction of $102,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Metropolitan Life Insurance Co. NY acquired a new position in Sterling Construction during the 4th quarter worth $145,000. Stephens Inc. AR purchased a new stake in Sterling Construction during the 1st quarter worth about $188,000. MetLife Investment Advisors LLC purchased a new stake in Sterling Construction during the 4th quarter worth about $216,000. Virtu Financial LLC purchased a new stake in Sterling Construction during the 4th quarter worth about $228,000. Finally, Global X Management Co. LLC purchased a new stake in Sterling Construction during the 1st quarter worth about $233,000. 77.18% of the stock is owned by hedge funds and other institutional investors.
Sterling Construction Company Profile
Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.
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