Centuri (NYSE:CTRI) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Centuri (NYSE:CTRI) announced its quarterly earnings data on Wednesday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13), Briefing.com reports. The company had revenue of $825.23 million for the quarter, compared to analysts’ expectations of $762.06 million. Centuri had a return on equity of 6.37% and a net margin of 0.09%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Centuri updated its FY 2025 guidance to EPS.

Centuri Trading Down 1.6%

Shares of CTRI traded down $0.35 during trading on Friday, reaching $21.02. 1,447,563 shares of the company traded hands, compared to its average volume of 1,669,735. The stock has a 50-day simple moving average of $21.02 and a 200-day simple moving average of $20.78. The stock has a market cap of $1.86 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. Centuri has a twelve month low of $14.45 and a twelve month high of $24.60. The company has a quick ratio of 1.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.54.

Institutional Trading of Centuri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after purchasing an additional 3,037 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after buying an additional 890 shares during the period. Invesco Ltd. lifted its stake in Centuri by 37.9% during the 2nd quarter. Invesco Ltd. now owns 18,041 shares of the company’s stock worth $405,000 after acquiring an additional 4,962 shares in the last quarter. Sandia Investment Management LP boosted its holdings in Centuri by 166.7% during the 2nd quarter. Sandia Investment Management LP now owns 20,000 shares of the company’s stock valued at $449,000 after acquiring an additional 12,500 shares during the period. Finally, Walleye Capital LLC acquired a new position in Centuri in the 2nd quarter valued at about $527,000.

Analysts Set New Price Targets

Several research analysts have recently commented on CTRI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Centuri in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Centuri presently has an average rating of “Hold” and an average price target of $23.00.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.