Everus Construction Group (NYSE:ECG) Issues Earnings Results

Everus Construction Group (NYSE:ECG) posted its quarterly earnings data on Tuesday. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.62 by $0.49, Zacks reports. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. During the same period last year, the business earned $0.82 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. Everus Construction Group updated its FY 2025 guidance to EPS.

Everus Construction Group Stock Down 3.7%

Shares of NYSE:ECG traded down $3.38 during mid-day trading on Tuesday, hitting $86.85. 788,629 shares of the company traded hands, compared to its average volume of 437,561. The firm has a market cap of $4.43 billion and a P/E ratio of 27.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group has a 52-week low of $31.38 and a 52-week high of $95.90. The firm’s 50 day simple moving average is $83.37 and its 200 day simple moving average is $69.43.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ECG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everus Construction Group in a report on Wednesday, October 8th. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 14th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. DA Davidson increased their price target on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Finally, Oppenheimer set a $90.00 price objective on shares of Everus Construction Group and gave the company an “outperform” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.67.

Institutional Investors Weigh In On Everus Construction Group

A number of institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in shares of Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares during the period. Tower Research Capital LLC TRC lifted its position in Everus Construction Group by 194.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,162 shares of the company’s stock worth $74,000 after purchasing an additional 768 shares during the period. Militia Capital Partners LP bought a new position in Everus Construction Group during the second quarter valued at about $152,000. Massar Capital Management LP bought a new position in Everus Construction Group during the second quarter valued at about $223,000. Finally, Corient Private Wealth LLC bought a new position in shares of Everus Construction Group in the second quarter valued at $301,000.

About Everus Construction Group

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.