Positive Press Coverage Somewhat Unlikely to Impact Sterling Construction (STRL) Stock Price
News coverage about Sterling Construction (NASDAQ:STRL) has been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Sterling Construction earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.4419488467943 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.
Sterling Construction (NASDAQ:STRL) traded up 3.23% during midday trading on Wednesday, hitting $13.10. 489,888 shares of the company traded hands. The company’s market capitalization is $354.09 million. Sterling Construction has a 12-month low of $6.13 and a 12-month high of $14.93. The stock’s 50-day moving average price is $11.48 and its 200 day moving average price is $10.57.
Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.17. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. During the same quarter in the prior year, the business earned $0.09 EPS. Sterling Construction’s quarterly revenue was up 39.5% on a year-over-year basis. On average, equities analysts forecast that Sterling Construction will post $0.39 EPS for the current year.
STRL has been the subject of a number of research reports. TheStreet lowered Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Canaccord Genuity restated a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. BidaskClub lowered Sterling Construction from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, DA Davidson raised shares of Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.00.
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In other news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total transaction of $159,450.00. Following the completion of the sale, the director now owns 45,307 shares of the company’s stock, valued at approximately $481,613.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.
Sterling Construction Company Profile
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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