Brokerages expect Sterling Construction Company Inc (NASDAQ:STRL) to announce earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sterling Construction’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.22. Sterling Construction reported earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 130%. The firm is expected to issue its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Sterling Construction will report full year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.40. For the next fiscal year, analysts forecast that the firm will report earnings of $0.96 per share, with EPS estimates ranging from $0.91 to $1.00. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS.

A number of brokerages recently commented on STRL. Zacks Investment Research lowered Sterling Construction from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, June 29th. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.00.

Institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new stake in Sterling Construction in the 2nd quarter worth approximately $143,000. Voya Investment Management LLC purchased a new stake in Sterling Construction in the 2nd quarter worth approximately $144,000. Highbridge Capital Management LLC purchased a new stake in Sterling Construction in the 1st quarter worth approximately $150,000. Thompson Davis & CO. Inc. purchased a new stake in Sterling Construction in the 2nd quarter worth approximately $150,000. Finally, Citadel Advisors LLC boosted its position in Sterling Construction by 63.6% in the 1st quarter. Citadel Advisors LLC now owns 17,205 shares of the construction company’s stock worth $159,000 after purchasing an additional 6,691 shares in the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

Shares of Sterling Construction (NASDAQ:STRL) traded down 3.67% during mid-day trading on Wednesday, hitting $14.68. 314,010 shares of the stock were exchanged. Sterling Construction has a 12 month low of $6.13 and a 12 month high of $16.05. The stock’s market cap is $396.80 million. The stock’s 50 day moving average is $13.75 and its 200-day moving average is $11.53.

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About Sterling Construction

Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.

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