Sterling Construction Company Inc (STRL) Scheduled to Post Earnings on Monday
Sterling Construction Company Inc (NASDAQ:STRL) is set to release its earnings data after the market closes on Monday, October 30th. Analysts expect Sterling Construction to post earnings of $0.23 per share for the quarter.
Sterling Construction (NASDAQ:STRL) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. On average, analysts expect Sterling Construction to post $0.39 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Shares of Sterling Construction Company Inc (NASDAQ STRL) traded up 2.8075% during mid-day trading on Tuesday, reaching $15.0099. 220,106 shares of the company traded hands. The firm’s 50 day moving average price is $14.71 and its 200-day moving average price is $11.90. The company’s market capitalization is $405.72 million. Sterling Construction Company Inc has a 52-week low of $6.13 and a 52-week high of $16.05.
STRL has been the topic of several recent research reports. Canaccord Genuity reissued a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a research report on Saturday, August 26th. Zacks Investment Research lowered Sterling Construction from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, June 29th. Finally, TheStreet raised Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Sterling Construction presently has an average rating of “Hold” and a consensus price target of $15.33.
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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