Sterling Construction Company, Inc. to Post Q4 2018 Earnings of $0.19 Per Share, DA Davidson Forecasts (STRL)

Sterling Construction Company, Inc. (NASDAQ:STRL) – Equities researchers at DA Davidson boosted their Q4 2018 earnings per share (EPS) estimates for Sterling Construction in a research report issued on Wednesday, November 7th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.18.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The company had revenue of $291.30 million for the quarter, compared to analysts’ expectations of $301.90 million. Sterling Construction had a return on equity of 14.89% and a net margin of 2.19%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.

A number of other equities analysts have also recently weighed in on STRL. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. ValuEngine raised shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Sterling Construction in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.50.

NASDAQ:STRL opened at $13.01 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.64. The company has a market cap of $329.10 million, a P/E ratio of 23.65, a P/E/G ratio of 1.18 and a beta of 0.70. Sterling Construction has a fifty-two week low of $10.74 and a fifty-two week high of $18.90.

Several large investors have recently bought and sold shares of STRL. Advisory Services Network LLC purchased a new position in Sterling Construction in the 3rd quarter valued at approximately $110,000. Raymond James Financial Services Advisors Inc. purchased a new position in Sterling Construction in the 2nd quarter valued at approximately $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Sterling Construction in the 3rd quarter valued at approximately $150,000. Globeflex Capital L P purchased a new position in Sterling Construction in the 3rd quarter valued at approximately $258,000. Finally, Capital Fund Management S.A. boosted its position in Sterling Construction by 28.4% in the 2nd quarter. Capital Fund Management S.A. now owns 22,600 shares of the construction company’s stock valued at $294,000 after buying an additional 5,000 shares during the period. 76.05% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History and Estimates for Sterling Construction (NASDAQ:STRL)

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