Sterling Construction (STRL) Getting Favorable Press Coverage, Report Shows
Media headlines about Sterling Construction (NASDAQ:STRL) have been trending positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sterling Construction earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.701613068732 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Bullish Two Hundred Day Moving Average Cross – STRL (nasdaq.com)
- These 3 Companies Are Positioned To Benefit From The Federal Infrastructure Plan (finance.yahoo.com)
- Three Stocks That Will Benefit From Increased Infrastructure Spending (finance.yahoo.com)
- Here's Why You Should Add Trex Company to Your Portfolio (finance.yahoo.com)
Sterling Construction (NASDAQ STRL) traded up 3.11% during midday trading on Friday, hitting $9.94. The stock had a trading volume of 420,017 shares. The company has a 50-day moving average of $11.78 and a 200-day moving average of $10.41. Sterling Construction has a 1-year low of $6.13 and a 1-year high of $14.93. The stock’s market cap is $268.68 million.
Sterling Construction (NASDAQ:STRL) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million during the quarter, compared to analyst estimates of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Equities research analysts forecast that Sterling Construction will post $0.39 EPS for the current year.
Several equities analysts have issued reports on the company. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Sterling Construction in a research report on Wednesday, August 9th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a research report on Monday. BidaskClub downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, August 8th. Finally, DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $14.00.
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In other news, Director Milton L. Scott sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total value of $159,450.00. Following the completion of the sale, the director now owns 45,307 shares in the company, valued at approximately $481,613.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.
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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