Sterling Infrastructure (STRL) Set to Announce Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) will be releasing its earnings data after the market closes on Monday, November 6th. Analysts expect Sterling Infrastructure to post earnings of $1.25 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 7th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.93 by $0.34. Sterling Infrastructure had a return on equity of 22.25% and a net margin of 6.23%. The company had revenue of $522.33 million during the quarter, compared to analysts’ expectations of $491.50 million. On average, analysts expect Sterling Infrastructure to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sterling Infrastructure Stock Up 0.6 %

STRL stock opened at $75.96 on Friday. The company has a market capitalization of $2.34 billion, a P/E ratio of 19.43, a PEG ratio of 0.92 and a beta of 1.27. The firm has a 50 day simple moving average of $75.05 and a 200-day simple moving average of $61.63. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61. Sterling Infrastructure has a twelve month low of $30.19 and a twelve month high of $84.00.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Sterling Infrastructure by 19.0% during the first quarter. BlackRock Inc. now owns 3,377,877 shares of the construction company’s stock worth $127,954,000 after purchasing an additional 538,387 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sterling Infrastructure by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,638,538 shares of the construction company’s stock worth $35,180,000 after purchasing an additional 52,977 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sterling Infrastructure by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,519,495 shares of the construction company’s stock valued at $57,558,000 after purchasing an additional 15,998 shares during the period. State Street Corp boosted its holdings in shares of Sterling Infrastructure by 1.5% during the second quarter. State Street Corp now owns 622,676 shares of the construction company’s stock valued at $34,745,000 after acquiring an additional 9,201 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sterling Infrastructure by 5.7% during the second quarter. Geode Capital Management LLC now owns 608,398 shares of the construction company’s stock worth $33,949,000 after acquiring an additional 33,065 shares during the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Sterling Infrastructure in a research report on Thursday, October 5th. They set a “buy” rating on the stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the e-infrastructure, transportation, 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.