Sterling Construction Company, Inc. (STRL) Expected to Post Earnings of $0.36 Per Share

Wall Street analysts forecast that Sterling Construction Company, Inc. (NASDAQ:STRL) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sterling Construction’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. Sterling Construction posted earnings of $0.26 per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The business is scheduled to issue its next quarterly earnings results on Monday, October 29th.

According to Zacks, analysts expect that Sterling Construction will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.95. For the next year, analysts expect that the business will post earnings of $1.30 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last posted its earnings results on Thursday, August 2nd. The construction company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. Sterling Construction had a net margin of 1.99% and a return on equity of 13.94%. The business had revenue of $268.70 million for the quarter, compared to the consensus estimate of $259.95 million. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year.

Several research firms recently commented on STRL. Canaccord Genuity reiterated a “buy” rating and set a $20.00 target price on shares of Sterling Construction in a research report on Friday. Zacks Investment Research upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, TheStreet upgraded shares of Sterling Construction from a “c+” rating to a “b” rating in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Sterling Construction has an average rating of “Buy” and a consensus price target of $17.50.

NASDAQ:STRL traded up $0.18 during mid-day trading on Friday, hitting $15.58. 148,459 shares of the company’s stock were exchanged, compared to its average volume of 160,283. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.64. Sterling Construction has a fifty-two week low of $9.42 and a fifty-two week high of $18.90. The company has a market cap of $416.79 million, a PE ratio of 28.33, a P/E/G ratio of 1.49 and a beta of 0.35.

In other news, Director Marian M. Davenport sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $12.81, for a total value of $102,480.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Sterling Construction by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 148,185 shares of the construction company’s stock worth $1,698,000 after purchasing an additional 4,210 shares during the period. Hancock Holding Co. lifted its position in shares of Sterling Construction by 22.6% in the 1st quarter. Hancock Holding Co. now owns 22,921 shares of the construction company’s stock worth $263,000 after purchasing an additional 4,226 shares during the period. Two Sigma Advisers LP lifted its position in shares of Sterling Construction by 5.2% in the 4th quarter. Two Sigma Advisers LP now owns 137,882 shares of the construction company’s stock worth $2,245,000 after purchasing an additional 6,800 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Sterling Construction by 15.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 57,934 shares of the construction company’s stock worth $664,000 after purchasing an additional 7,800 shares during the period. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Sterling Construction in the 4th quarter worth approximately $145,000. Hedge funds and other institutional investors own 78.70% 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.

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