Sterling Construction (NASDAQ:STRL) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Sterling Construction (NASDAQ:STRL) released its quarterly earnings data on Sunday. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16, Fidelity Earnings reports. Sterling Construction had a net margin of 4.12% and a return on equity of 18.54%.

Sterling Construction stock traded up $2.24 during midday trading on Tuesday, hitting $23.22. 1,067,327 shares of the company were exchanged, compared to its average volume of 326,807. The company has a market cap of $664.07 million, a PE ratio of 10.83 and a beta of 1.43. Sterling Construction has a fifty-two week low of $6.72 and a fifty-two week high of $24.49. The company’s fifty day moving average price is $21.38 and its 200-day moving average price is $19.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.20 and a quick ratio of 1.20.

Separately, Zacks Investment Research downgraded Sterling Construction from a “buy” rating to a “hold” rating in a report on Tuesday, April 20th.

About Sterling Construction

Sterling Construction Company, Inc, a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads.

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Earnings History for Sterling Construction (NASDAQ:STRL)

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