FY2017 EPS Estimates for Sterling Construction Company Inc Lifted by Analyst (STRL)
Sterling Construction Company Inc (NASDAQ:STRL) – Equities researchers at DA Davidson increased their FY2017 earnings per share (EPS) estimates for Sterling Construction in a research report issued on Thursday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $0.40 for the year, up from their prior forecast of $0.37. DA Davidson currently has a “Buy” rating and a $15.00 target price on the stock.
Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. Sterling Construction’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. ILLEGAL ACTIVITY NOTICE: This report was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/07/fy2017-eps-estimates-for-sterling-construction-company-inc-lifted-by-analyst-strl.html.
Several other research analysts have also weighed in on STRL. Canaccord Genuity reiterated a “buy” rating and set a $12.00 target price on shares of Sterling Construction in a report on Friday, April 28th. Zacks Investment Research upgraded Sterling Construction from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, May 11th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.00.
Sterling Construction (NASDAQ:STRL) opened at 10.33 on Monday. The firm’s market capitalization is $279.19 million. Sterling Construction has a 52-week low of $5.99 and a 52-week high of $14.93. The company’s 50-day moving average price is $12.40 and its 200 day moving average price is $10.27.
In other Sterling Construction news, Director Milton L. Scott sold 15,000 shares of Sterling Construction stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $10.63, for a total transaction of $159,450.00. Following the transaction, the director now directly owns 45,307 shares in the company, valued at $481,613.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of STRL. Dimensional Fund Advisors LP raised its position in Sterling Construction by 23.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,208,659 shares of the construction company’s stock valued at $10,225,000 after buying an additional 232,453 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in Sterling Construction by 99.8% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 399,677 shares of the construction company’s stock valued at $3,697,000 after buying an additional 199,597 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Sterling Construction during the first quarter valued at $4,051,000. Essex Investment Management Co. LLC raised its position in Sterling Construction by 28.5% in the first quarter. Essex Investment Management Co. LLC now owns 99,336 shares of the construction company’s stock valued at $919,000 after buying an additional 22,012 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Sterling Construction by 111.2% in the first quarter. Wells Fargo & Company MN now owns 356,398 shares of the construction company’s stock valued at $3,297,000 after buying an additional 187,631 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.
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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