Sterling Infrastructure (STRL) Scheduled to Post Quarterly Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Sterling Infrastructure to post earnings of $0.82 per share for the quarter. Sterling Infrastructure has set its FY24 guidance at $4.85-5.15 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The business had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. On average, analysts expect Sterling Infrastructure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Trading Up 0.5 %

NASDAQ:STRL opened at $101.15 on Friday. Sterling Infrastructure has a one year low of $39.30 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day simple moving average is $105.92 and its 200 day simple moving average is $85.83. The firm has a market capitalization of $3.13 billion, a P/E ratio of 22.73, a PEG ratio of 1.00 and a beta of 1.21.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “neutral” rating and issued a $115.00 target price (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 33,214 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total transaction of $3,610,693.94. Following the completion of the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Joseph A. Cutillo sold 33,214 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total value of $3,610,693.94. Following the completion of the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph A. Cutillo sold 20,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $109.78, for a total transaction of $2,195,600.00. Following the completion of the transaction, the chief executive officer now directly owns 448,133 shares of the company’s stock, valued at approximately $49,196,040.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,172 shares of company stock worth $22,019,320. Corporate insiders own 3.70% of the company’s stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.