Everus Construction Group (NYSE:ECG) Releases Quarterly Earnings Results, Beats Expectations By $0.49 EPS

Everus Construction Group (NYSE:ECG) announced its quarterly earnings data on Tuesday. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49, Zacks reports. The firm had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 38.85%. The company’s revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. Everus Construction Group updated its FY 2025 guidance to EPS.

Everus Construction Group Trading Up 6.1%

Shares of ECG stock traded up $5.72 during trading hours on Thursday, reaching $99.00. 518,098 shares of the stock were exchanged, compared to its average volume of 598,734. Everus Construction Group has a 12-month low of $31.38 and a 12-month high of $100.01. The company has a current ratio of 1.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $83.69 and its 200-day moving average price is $69.60. The firm has a market capitalization of $5.05 billion and a price-to-earnings ratio of 28.03.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ECG. Stifel Nicolaus raised their price objective on shares of Everus Construction Group from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of Everus Construction Group in a research note on Thursday. Zacks Research raised shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Finally, DA Davidson set a $102.00 target price on shares of Everus Construction Group in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Everus Construction Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

Hedge Funds Weigh In On Everus Construction Group

A number of large investors have recently made changes to their positions in ECG. Goldman Sachs Group Inc. boosted its stake in shares of Everus Construction Group by 74.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company’s stock worth $6,631,000 after purchasing an additional 76,252 shares during the period. Millennium Management LLC boosted its stake in shares of Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company’s stock worth $9,066,000 after purchasing an additional 73,128 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Everus Construction Group by 5.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,350,871 shares of the company’s stock worth $85,821,000 after purchasing an additional 72,775 shares during the period. Jane Street Group LLC boosted its stake in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company’s stock worth $2,645,000 after purchasing an additional 46,247 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Everus Construction Group by 32.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 156,200 shares of the company’s stock worth $9,923,000 after purchasing an additional 37,904 shares during the period.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.