$222.05 Million in Sales Expected for Sterling Construction Company Inc (STRL) This Quarter
Equities analysts expect Sterling Construction Company Inc (NASDAQ:STRL) to report sales of $222.05 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sterling Construction’s earnings, with estimates ranging from $221.10 million to $223.00 million. Sterling Construction reported sales of $168.35 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.9%. The company is expected to issue its next earnings report on Thursday, March 8th.
On average, analysts expect that Sterling Construction will report full-year sales of $222.05 million for the current fiscal year, with estimates ranging from $925.10 million to $927.05 million. For the next financial year, analysts forecast that the firm will report sales of $1.05 billion per share, with estimates ranging from $1.03 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sterling Construction.
Sterling Construction (NASDAQ:STRL) last issued its earnings results on Monday, October 30th. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The business had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $263.69 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year.
STRL has been the subject of a number of recent research reports. TheStreet raised Sterling Construction from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. BidaskClub cut Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sterling Construction in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Sterling Construction from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.
Shares of Sterling Construction (STRL) traded up $0.14 on Wednesday, reaching $17.58. The company’s stock had a trading volume of 495,625 shares, compared to its average volume of 415,880. Sterling Construction has a fifty-two week low of $6.50 and a fifty-two week high of $18.82. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The firm has a market cap of $471.77, a PE ratio of 116.27, a PEG ratio of 3.56 and a beta of 0.39.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $143,000. Voya Investment Management LLC bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $144,000. Thompson Davis & CO. Inc. bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $150,000. Airain ltd bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $168,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Sterling Construction in the 2nd quarter valued at about $194,000. Hedge funds and other institutional investors own 77.61% 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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