Sterling Construction Company, Inc. (STRL) Expected to Post Earnings of $0.13 Per Share

Analysts forecast that Sterling Construction Company, Inc. (NASDAQ:STRL) will post $0.13 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sterling Construction’s earnings, with estimates ranging from $0.12 to $0.13. Sterling Construction posted earnings per share of ($0.25) during the same quarter last year, which suggests a positive year-over-year growth rate of 152%. The business is expected to report its next earnings results on Thursday, March 8th.

On average, 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 business will post earnings of $0.98 per share, with EPS estimates ranging from $0.95 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover 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 the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $263.69 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year.

Several brokerages recently issued reports on STRL. TheStreet lowered Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. BidaskClub raised Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, Zacks Investment Research lowered Sterling Construction from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.

Sterling Construction (NASDAQ STRL) opened at $14.13 on Friday. Sterling Construction has a 1 year low of $7.75 and a 1 year high of $18.90. The stock has a market capitalization of $372.22, a PE ratio of 282.66, a P/E/G ratio of 1.35 and a beta of 0.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44.

In related news, Director Maarten D. Hemsley sold 29,800 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased 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 valued at $315,000 after purchasing an additional 3,621 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Sterling Construction by 16.5% in the second quarter. Parametric Portfolio Associates LLC now owns 32,559 shares of the construction company’s stock valued at $426,000 after purchasing an additional 4,603 shares during the period. Argent Capital Management LLC increased its holdings in shares of Sterling Construction by 1.5% in the third quarter. Argent Capital Management LLC now owns 354,580 shares of the construction company’s stock valued at $5,400,000 after purchasing an additional 5,075 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Sterling Construction by 17.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 50,134 shares of the construction company’s stock valued at $817,000 after purchasing an additional 7,334 shares during the period. Finally, Voya Investment Management LLC acquired a new position in shares of Sterling Construction in the second quarter valued at about $144,000. 72.06% of the stock is currently owned by institutional investors and hedge funds.

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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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