Centuri (NYSE:CTRI) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Centuri (NYSE:CTRI) issued its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.13), Briefing.com reports. The business had revenue of $825.23 million during the quarter, compared to the consensus estimate of $762.06 million. Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. Centuri updated its FY 2025 guidance to EPS.

Centuri Trading Down 2.8%

Shares of NYSE:CTRI traded down $0.62 during mid-day trading on Thursday, reaching $21.30. The stock had a trading volume of 2,158,800 shares, compared to its average volume of 1,092,429. The firm has a market cap of $1.89 billion, a PE ratio of -709.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08. The firm has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $20.75. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.59. Centuri has a twelve month low of $14.45 and a twelve month high of $24.60.

Institutional Trading of Centuri

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares during the period. JPMorgan Chase & Co. raised its position in shares of Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after acquiring an additional 890 shares during the period. Invesco Ltd. raised its position in shares of Centuri by 37.9% in the 2nd quarter. Invesco Ltd. now owns 18,041 shares of the company’s stock valued at $405,000 after acquiring an additional 4,962 shares during the period. Sandia Investment Management LP raised its position in shares of Centuri by 166.7% in the 2nd quarter. Sandia Investment Management LP now owns 20,000 shares of the company’s stock valued at $449,000 after acquiring an additional 12,500 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Centuri in the 2nd quarter valued at approximately $527,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Centuri in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Centuri currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.