Zacks: Brokerages Anticipate Sterling Construction Company, Inc. (STRL) Will Post Earnings of $0.32 Per Share

Equities analysts predict that Sterling Construction Company, Inc. (NASDAQ:STRL) will announce earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sterling Construction’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.30. Sterling Construction posted earnings per share of $0.30 in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Sterling Construction will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.14. For the next fiscal year, analysts forecast that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last released its earnings results on Monday, May 6th. The construction company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The business had revenue of $223.90 million during the quarter, compared to the consensus estimate of $225.85 million. Sterling Construction had a net margin of 2.36% and a return on equity of 14.67%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS.



A number of research analysts have recently commented on STRL shares. BidaskClub raised shares of Sterling Construction from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. ValuEngine downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.50.

Shares of STRL traded down $0.07 during midday trading on Wednesday, reaching $12.14. The stock had a trading volume of 59,485 shares, compared to its average volume of 182,670. Sterling Construction has a one year low of $9.71 and a one year high of $16.07. The company has a market cap of $320.69 million, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.64.

In related news, Director Roger A. Cregg purchased 10,000 shares of Sterling Construction stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of $11.94 per share, for a total transaction of $119,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of STRL. New York State Teachers Retirement System bought a new stake in shares of Sterling Construction during the 4th quarter valued at about $26,000. Macquarie Group Ltd. grew its stake in shares of Sterling Construction by 111.1% during the 4th quarter. Macquarie Group Ltd. now owns 3,800 shares of the construction company’s stock valued at $41,000 after purchasing an additional 2,000 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Sterling Construction during the 1st quarter valued at about $58,000. NumerixS Investment Technologies Inc grew its stake in shares of Sterling Construction by 333.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 5,200 shares of the construction company’s stock valued at $66,000 after purchasing an additional 4,000 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Sterling Construction by 728.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,559 shares of the construction company’s stock valued at $70,000 after purchasing an additional 4,888 shares during the period. Institutional investors own 81.72% of the company’s stock.

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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