Sterling Construction (NASDAQ:STRL – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, May 2nd. Analysts expect Sterling Construction to post earnings of $0.42 per share for the quarter. Sterling Construction has set its FY 2022 guidance at $2.690-$2.880 EPS and its FY22 guidance at $2.69-2.88 EPS.
Sterling Construction (NASDAQ:STRL – Get Rating) last issued its quarterly earnings data on Monday, February 28th. The construction company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Sterling Construction had a net margin of 3.96% and a return on equity of 19.92%. The company had revenue of $401.34 million for the quarter, compared to analysts’ expectations of $340.00 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts expect Sterling Construction to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Sterling Construction stock traded down $0.61 during trading on Tuesday, hitting $23.88. The company’s stock had a trading volume of 1,070 shares, compared to its average volume of 194,196. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.24 and a current ratio of 1.24. Sterling Construction has a 52 week low of $20.17 and a 52 week high of $32.14. The stock has a market capitalization of $721.84 million, a PE ratio of 11.11 and a beta of 1.19. The firm’s 50-day moving average is $27.69.
A number of hedge funds have recently modified their holdings of the business. Harbour Investments Inc. grew its position in Sterling Construction by 238.7% in the 4th quarter. Harbour Investments Inc. now owns 1,016 shares of the construction company’s stock worth $27,000 after purchasing an additional 716 shares in the last quarter. UBS Group AG lifted its position in shares of Sterling Construction by 7.4% during the third quarter. UBS Group AG now owns 11,491 shares of the construction company’s stock worth $261,000 after acquiring an additional 789 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Sterling Construction by 5.3% during the 3rd quarter. Royal Bank of Canada now owns 15,915 shares of the construction company’s stock valued at $362,000 after purchasing an additional 808 shares during the period. California State Teachers Retirement System raised its stake in shares of Sterling Construction by 2.6% during the 4th quarter. California State Teachers Retirement System now owns 39,326 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 998 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Sterling Construction by 40.1% during the 4th quarter. Citadel Advisors LLC now owns 13,732 shares of the construction company’s stock valued at $361,000 after purchasing an additional 3,932 shares during the period. 82.93% of the stock is owned by institutional investors and hedge funds.
STRL has been the topic of several research reports. Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. StockNews.com initiated coverage on shares of Sterling Construction in a report on Thursday, March 31st. They set a “buy” rating on the stock.
About Sterling Construction (Get Rating)
Sterling Construction Company, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.
- Get a free copy of the StockNews.com research report on Sterling Construction (STRL)
- What To Make Of Activision Blizzard (NASDAQ: ATVI)
- Whirlpool Is A Steal At These Prices
- Kimberly-Clark Pops On Successful Price Pass-Through
- Synchrony Financial Stock is Ready to Slingshot Back Up
- Why These 3 Stocks Matter Most in the Dow
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.