Zacks: Brokerages Expect Sterling Construction Company, Inc. (STRL) to Post $0.19 EPS

Analysts forecast that Sterling Construction Company, Inc. (NASDAQ:STRL) will announce earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Two analysts have issued estimates for Sterling Construction’s earnings. Sterling Construction reported earnings of $0.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 72.7%. The business is expected to announce its next quarterly earnings results on Monday, March 4th.

According to Zacks, analysts expect that Sterling Construction will report full year earnings of $0.92 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $1.26 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sterling Construction.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm 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 14.47% and a net margin of 2.19%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, October 4th. ValuEngine raised shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Sterling Construction in a research report on Friday, August 10th. Finally, BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.50.

STRL opened at $13.01 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.64 and a current ratio of 1.61. Sterling Construction has a 1 year low of $10.74 and a 1 year high of $18.90. The company has a market capitalization of $359.74 million, a P/E ratio of 23.65, a P/E/G ratio of 1.29 and a beta of 0.70.

Several institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Advisory Services Network LLC acquired a new stake in shares of Sterling Construction in the third quarter worth approximately $110,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Sterling Construction in the second quarter worth approximately $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Sterling Construction in the third quarter worth approximately $150,000. Globeflex Capital L P acquired a new stake in shares of Sterling Construction in the third quarter worth approximately $258,000. Finally, Capital Fund Management S.A. boosted its position in shares of Sterling Construction by 28.4% in the second quarter. Capital Fund Management S.A. now owns 22,600 shares of the construction company’s stock worth $294,000 after acquiring an additional 5,000 shares during the last quarter. 76.05% of the stock is currently owned by institutional investors and hedge funds.

Sterling Construction Company Profile

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

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