Construction Partners (NASDAQ:ROAD) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Construction Partners (NASDAQ:ROAD) released its earnings results on Friday. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.12, Zacks reports. The company had revenue of $571.65 million for the quarter, compared to the consensus estimate of $559.61 million. Construction Partners had a net margin of 2.82% and a return on equity of 11.94%. Construction Partners’s revenue was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. Construction Partners updated its FY 2025 guidance to EPS.

Construction Partners Stock Up 3.5 %

Shares of ROAD stock opened at $95.75 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. Construction Partners has a twelve month low of $51.63 and a twelve month high of $103.69. The stock has a 50 day moving average of $77.05 and a 200 day moving average of $83.74. The stock has a market cap of $5.35 billion, a P/E ratio of 89.49, a P/E/G ratio of 0.99 and a beta of 0.87.

Insiders Place Their Bets

In other news, CEO Fred Julius Smith III purchased 9,333 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the completion of the transaction, the chief executive officer now owns 9,333 shares in the company, valued at $689,055.39. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John L. Harper sold 6,000 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now directly owns 159,389 shares of the company’s stock, valued at $11,767,689.87. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.36% of the company’s stock.

Analyst Upgrades and Downgrades

ROAD has been the topic of several research analyst reports. Raymond James dropped their price target on Construction Partners from $104.00 to $100.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.