Wall Street brokerages predict that Sterling Construction Company Inc (NASDAQ:STRL) will announce $0.13 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sterling Construction’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.12. Sterling Construction reported earnings of ($0.25) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 152%. The firm is expected to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Sterling Construction will report full year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.45. For the next year, analysts anticipate that the firm will post earnings of $0.98 per share, with EPS estimates ranging from $0.95 to $1.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Sterling Construction.

Sterling Construction (NASDAQ:STRL) last announced its earnings results on Monday, October 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $263.69 million. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share.

STRL has been the topic of a number of research analyst reports. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, October 19th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a research report on Saturday, August 26th. TheStreet lowered Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, August 21st. Finally, BidaskClub lowered Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.00.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sterling Construction by 10.8% during the first quarter. Vanguard Group Inc. now owns 898,718 shares of the construction company’s stock worth $8,313,000 after acquiring an additional 87,436 shares during the period. Russell Investments Group Ltd. increased its position in shares of Sterling Construction by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 140,085 shares of the construction company’s stock worth $1,830,000 after acquiring an additional 17,160 shares during the period. Morgan Stanley increased its position in shares of Sterling Construction by 2,982.3% during the first quarter. Morgan Stanley now owns 169,097 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 163,611 shares during the period. Citadel Advisors LLC increased its position in shares of Sterling Construction by 84.3% during the second quarter. Citadel Advisors LLC now owns 31,713 shares of the construction company’s stock worth $414,000 after acquiring an additional 14,508 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Sterling Construction by 43.3% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,700 shares of the construction company’s stock worth $596,000 after acquiring an additional 13,800 shares during the period. 71.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sterling Construction (NASDAQ:STRL) traded up $0.11 during midday trading on Thursday, reaching $17.97. The company’s stock had a trading volume of 629,650 shares, compared to its average volume of 300,679. The stock has a market capitalization of $457.43, a price-to-earnings ratio of 112.73, a price-to-earnings-growth ratio of 3.45 and a beta of 0.36. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Sterling Construction has a 52 week low of $7.75 and a 52 week high of $18.90.

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Sterling Construction Company Profile

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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Earnings History and Estimates for Sterling Construction (NASDAQ:STRL)

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