Construction Partners (NASDAQ:ROAD) posted its quarterly earnings results on Monday. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), Bloomberg Earnings reports.
ROAD opened at $11.50 on Tuesday. Construction Partners has a 1-year low of $7.70 and a 1-year high of $14.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.81 and a current ratio of 1.99. The company has a market capitalization of $589.48 million and a PE ratio of 13.37.
In other Construction Partners news, insider John L. Harper bought 9,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $8.41 per share, for a total transaction of $75,690.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ned N. Fleming III bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average price of $8.47 per share, for a total transaction of $33,880.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,500 shares of company stock worth $122,605. 74.79% of the stock is currently owned by corporate insiders.
ROAD has been the topic of a number of research analyst reports. DA Davidson set a $15.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Raymond James reduced their price target on shares of Construction Partners from $15.00 to $13.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, December 12th. Imperial Capital set a $14.00 price target on shares of Construction Partners and gave the company a “buy” rating in a research note on Monday, December 10th. Finally, ValuEngine downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.00.
Construction Partners Company Profile
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.
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