Analysts Anticipate Sterling Construction Company, Inc. (STRL) Will Post Earnings of $0.36 Per Share

Equities analysts expect that Sterling Construction Company, Inc. (NASDAQ:STRL) will report earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sterling Construction’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. Sterling Construction reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The company is expected to announce its next earnings report on Monday, October 29th.

On average, analysts expect that Sterling Construction will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.95. For the next fiscal year, analysts anticipate that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $259.95 million. During the same quarter in the previous year, the business earned $0.13 EPS. Sterling Construction’s quarterly revenue was up 9.1% compared to the same quarter last year.



Several equities research analysts recently issued reports on STRL shares. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. TheStreet raised shares of Sterling Construction from a “c+” rating to a “b” rating in a research note on Friday, June 1st. ValuEngine raised shares of Sterling Construction from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 18th. Finally, Zacks Investment Research raised shares of Sterling Construction from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Wednesday, May 9th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.50.

In related news, Director Marian M. Davenport sold 8,000 shares of Sterling Construction stock in a transaction 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 available at the SEC website. Company insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in STRL. Tygh Capital Management Inc. bought a new position in Sterling Construction in the 1st quarter worth $3,945,000. Boston Advisors LLC bought a new position in Sterling Construction in the 2nd quarter worth $3,624,000. Asset Management One Co. Ltd. bought a new position in Sterling Construction in the 1st quarter worth $2,134,000. Dalton Greiner Hartman Maher & Co. raised its holdings in Sterling Construction by 56.6% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 435,247 shares of the construction company’s stock worth $5,671,000 after acquiring an additional 157,271 shares during the period. Finally, BlackRock Inc. raised its holdings in Sterling Construction by 7.9% in the 2nd quarter. BlackRock Inc. now owns 1,933,866 shares of the construction company’s stock worth $25,198,000 after acquiring an additional 141,661 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Shares of STRL stock traded up $0.18 on Friday, hitting $15.58. The company’s stock had a trading volume of 148,459 shares, compared to its average volume of 160,283. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Sterling Construction has a fifty-two week low of $9.42 and a fifty-two week high of $18.90. The firm has a market cap of $416.79 million, a PE ratio of 28.33, a PEG ratio of 1.49 and a beta of 0.35.

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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