DA Davidson Comments on Sterling Construction Co.’s Q1 2017 Earnings (STRL)
Sterling Construction Co. (NASDAQ:STRL) – DA Davidson issued their Q1 2017 earnings per share estimates for shares of Sterling Construction in a research report issued to clients and investors on Monday. DA Davidson analyst J. Rogers forecasts that the firm will post earnings per share of ($0.17) for the quarter. DA Davidson currently has a “Neutral” rating and a $9.00 target price on the stock. DA Davidson also issued estimates for Sterling Construction’s Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.27 EPS and Q4 2017 earnings at $0.23 EPS.
Sterling Construction (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $189.83 million. Sterling Construction had a positive return on equity of 12.00% and a negative net margin of 0.96%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.13) EPS.
Separately, Zacks Investment Research downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th.
Sterling Construction (NASDAQ:STRL) remained flat at $7.81 on Wednesday. The company had a trading volume of 96,079 shares. The company’s 50 day moving average is $7.40 and its 200 day moving average is $5.85. The firm’s market cap is $195.27 million. Sterling Construction has a 52-week low of $3.69 and a 52-week high of $8.60.
Several large investors have recently modified their holdings of the company. Spark Investment Management LLC bought a new stake in shares of Sterling Construction during the first quarter valued at $115,000. AJO LP bought a new stake in shares of Sterling Construction during the second quarter valued at $174,000. Advisory Research Inc. bought a new stake in shares of Sterling Construction during the second quarter valued at $197,000. DIAM Co. Ltd. bought a new stake in shares of Sterling Construction during the second quarter valued at $199,000. Finally, BlackRock Fund Advisors increased its stake in shares of Sterling Construction by 28.3% in the second quarter. BlackRock Fund Advisors now owns 62,937 shares of the company’s stock valued at $309,000 after buying an additional 13,877 shares during the last quarter. 66.13% of the stock is owned by institutional investors.
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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