Brokerages expect Sterling Construction Company, Inc. (NASDAQ:STRL) to post earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Sterling Construction’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.12. Sterling Construction reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 55.6%. The firm is scheduled to issue its next quarterly earnings results on Monday, May 6th.

On average, analysts expect that Sterling Construction will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts forecast that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sterling Construction.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, March 4th. The construction company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. The firm had revenue of $255.18 million for the quarter, compared to the consensus estimate of $247.85 million.

Several research firms have weighed in on STRL. BidaskClub downgraded shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 5th. ValuEngine upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Sterling Construction has an average rating of “Hold” and a consensus price target of $17.50.

STRL traded up $0.06 during trading on Monday, hitting $12.84. 100,300 shares of the company’s stock were exchanged, compared to its average volume of 175,224. The company has a current ratio of 1.69, a quick ratio of 1.67 and a debt-to-equity ratio of 0.46. Sterling Construction has a fifty-two week low of $9.71 and a fifty-two week high of $16.07. The company has a market cap of $341.40 million, a price-to-earnings ratio of 13.81, a PEG ratio of 1.02 and a beta of 1.04.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Sterling Construction by 4.5% in the third quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock valued at $28,933,000 after purchasing an additional 86,589 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sterling Construction by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,646,543 shares of the construction company’s stock valued at $23,578,000 after purchasing an additional 22,658 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Sterling Construction by 20.5% in the fourth quarter. Royce & Associates LP now owns 519,473 shares of the construction company’s stock valued at $5,657,000 after purchasing an additional 88,373 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Sterling Construction by 7.8% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 468,942 shares of the construction company’s stock valued at $5,871,000 after purchasing an additional 33,985 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Sterling Construction by 5.0% in the third quarter. Wells Fargo & Company MN now owns 448,041 shares of the construction company’s stock valued at $6,416,000 after purchasing an additional 21,526 shares during the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.

About Sterling Construction

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

Featured Article: Conference Calls and Individual Investors

Get a free copy of the Zacks research report on Sterling Construction (STRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.