Equities analysts predict that Sterling Construction Company, Inc. (NASDAQ:STRL) will report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sterling Construction’s earnings. Sterling Construction posted earnings of $0.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 72.7%. The business is scheduled to announce its next earnings report on Monday, March 4th.
According to Zacks, analysts expect that Sterling Construction will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.92. For the next year, analysts expect that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $1.21 to $1.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Sterling Construction.
STRL has been the subject of several research analyst reports. BidaskClub lowered Sterling Construction from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. Finally, ValuEngine upgraded Sterling Construction from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Sterling Construction by 7.2% during the fourth quarter. Bank of New York Mellon Corp now owns 196,892 shares of the construction company’s stock worth $2,144,000 after buying an additional 13,154 shares during the period. Stephens Inc. AR purchased a new position in Sterling Construction in the fourth quarter valued at $109,000. New York State Common Retirement Fund boosted its holdings in Sterling Construction by 133.9% in the fourth quarter. New York State Common Retirement Fund now owns 64,568 shares of the construction company’s stock valued at $703,000 after purchasing an additional 36,968 shares during the period. Signia Capital Management LLC boosted its holdings in Sterling Construction by 13.6% in the fourth quarter. Signia Capital Management LLC now owns 329,599 shares of the construction company’s stock valued at $3,589,000 after purchasing an additional 39,386 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Sterling Construction by 1,027.2% in the fourth quarter. Acadian Asset Management LLC now owns 31,032 shares of the construction company’s stock valued at $339,000 after purchasing an additional 28,279 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.
Shares of STRL traded down $0.19 during midday trading on Wednesday, hitting $12.90. 2,550 shares of the stock were exchanged, compared to its average volume of 129,901. Sterling Construction has a 52-week low of $9.71 and a 52-week high of $16.07. The firm has a market cap of $354.35 million, a P/E ratio of 23.80, a P/E/G ratio of 0.96 and a beta of 0.94. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 0.46.
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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