Brokerages expect Sterling Construction Company, Inc. (NASDAQ:STRL) to post earnings of $0.13 per share for the current quarter, Zacks 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 per share of ($0.25) in the same quarter last year, which indicates a positive year over year growth rate of 152%. The firm is scheduled to issue its next quarterly 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 fiscal year, analysts forecast 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 an average based on a survey of sell-side research analysts that follow Sterling Construction.
Several research firms recently issued reports on STRL. BidaskClub downgraded Sterling Construction from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. One research 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 currently has an average rating of “Hold” and an average target price of $17.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its stake in Sterling Construction by 21.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 20,677 shares of the construction company’s stock worth $315,000 after purchasing an additional 3,621 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Sterling Construction by 16.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,559 shares of the construction company’s stock worth $426,000 after purchasing an additional 4,603 shares in the last quarter. Argent Capital Management LLC grew its stake in Sterling Construction by 1.5% during the 3rd quarter. Argent Capital Management LLC now owns 354,580 shares of the construction company’s stock worth $5,400,000 after purchasing an additional 5,075 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Sterling Construction by 28.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,800 shares of the construction company’s stock worth $469,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in Sterling Construction by 7.8% during the 4th quarter. Cadence Capital Management LLC now owns 99,620 shares of the construction company’s stock worth $1,622,000 after purchasing an additional 7,177 shares in the last quarter. 69.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Sterling Construction (NASDAQ STRL) opened at $12.17 on Wednesday. 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 stock has a market capitalization of $329.21, a price-to-earnings ratio of 245.85, a P/E/G ratio of 1.17 and a beta of 0.19. Sterling Construction has a 1-year low of $8.42 and a 1-year high of $18.90.
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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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