Sterling Construction (NASDAQ:STRL) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Sterling Construction to post earnings of $0.14 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Sterling Construction (NASDAQ:STRL) last released its earnings results on Monday, March 4th. The construction company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. The business had revenue of $255.18 million for the quarter, compared to the consensus estimate of $247.85 million. On average, analysts expect Sterling Construction to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ STRL opened at $13.37 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.67 and a current ratio of 1.69. Sterling Construction has a 12 month low of $9.71 and a 12 month high of $16.07. The company has a market capitalization of $353.29 million, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04.
A number of analysts recently commented on the stock. BidaskClub upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. ValuEngine downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.50.
A hedge fund recently raised its stake in Sterling Construction stock. Geode Capital Management LLC lifted its position in Sterling Construction Company, Inc. (NASDAQ:STRL) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,986 shares of the construction company’s stock after acquiring an additional 15,917 shares during the period. Geode Capital Management LLC owned about 1.02% of Sterling Construction worth $3,016,000 as of its most recent SEC filing. Institutional investors own 80.31% of the company’s stock.
About Sterling Construction
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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