Analysts expect that Sterling Construction Company Inc (NASDAQ:STRL) will announce $262.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sterling Construction’s earnings. The highest sales estimate is $265.00 million and the lowest is $259.40 million. Sterling Construction reported sales of $205.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.5%. The company is expected to report its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Sterling Construction will report full-year sales of $262.20 million for the current fiscal year, with estimates ranging from $869.60 million to $877.80 million. For the next year, analysts anticipate that the company will post sales of $991.10 million per share, with estimates ranging from $982.20 million to $1.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Sterling Construction.

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

A number of research analysts have issued reports on STRL shares. Canaccord Genuity restated a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. Zacks Investment Research lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. DA Davidson upgraded shares of Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, June 29th. Finally, TheStreet upgraded shares of Sterling Construction from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Sterling Construction currently has a consensus rating of “Hold” and an average target price of $14.00.

Shares of Sterling Construction (NASDAQ:STRL) opened at 14.69 on Friday. The firm’s market capitalization is $397.07 million. Sterling Construction has a 52-week low of $6.13 and a 52-week high of $16.05. The company’s 50-day moving average is $14.04 and its 200 day moving average is $11.58.

Several hedge funds and other institutional investors have recently bought and sold shares of STRL. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sterling Construction during the 2nd quarter valued at about $143,000. Voya Investment Management LLC acquired a new position in shares of Sterling Construction during the 2nd quarter valued at about $144,000. Highbridge Capital Management LLC acquired a new position in shares of Sterling Construction during the 1st quarter valued at about $150,000. Thompson Davis & CO. Inc. acquired a new position in shares of Sterling Construction during the 2nd quarter valued at about $150,000. Finally, Citadel Advisors LLC increased its stake in shares of Sterling Construction by 63.6% during the 1st quarter. Citadel Advisors LLC now owns 17,205 shares of the construction company’s stock valued at $159,000 after acquiring an additional 6,691 shares during the last quarter. 78.39% of the stock is owned by institutional investors.

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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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