Equities analysts expect Sterling Construction Company, Inc. (NASDAQ:STRL) to post sales of $222.05 million for the current quarter, according to Zacks. Two analysts have issued estimates for Sterling Construction’s earnings, with the lowest sales estimate coming in at $221.10 million and the highest estimate coming in at $223.00 million. Sterling Construction reported sales of $168.35 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31.9%. The company is expected to issue its next quarterly earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Sterling Construction will report full-year sales of $222.05 million for the current year, with estimates ranging from $925.10 million to $927.05 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.06 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Sterling Construction.

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

STRL has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, October 19th. Finally, TheStreet upgraded shares of Sterling Construction from a “c+” rating to a “b-” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.00.

In other news, Director Maarten D. Hemsley sold 29,800 shares of Sterling Construction stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.32, for a total value of $516,136.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC acquired a new position in shares of Sterling Construction in the second quarter worth about $144,000. Cubist Systematic Strategies LLC acquired a new position in shares of Sterling Construction in the second quarter worth about $194,000. Macquarie Group Ltd. acquired a new position in shares of Sterling Construction in the third quarter worth about $214,000. Ameriprise Financial Inc. acquired a new position in shares of Sterling Construction in the second quarter worth about $306,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Sterling Construction by 21.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock worth $315,000 after buying an additional 3,621 shares during the period. 71.91% of the stock is currently owned by institutional investors.

Sterling Construction (NASDAQ STRL) traded up $0.61 during midday trading on Friday, reaching $16.43. 328,688 shares of the company’s stock were exchanged, compared to its average volume of 299,945. Sterling Construction has a 12-month low of $7.75 and a 12-month high of $18.90. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.62. The company has a market cap of $444.45, a P/E ratio of 328.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.37.

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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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