Sterling Construction (NASDAQ:STRL) Announces Quarterly Earnings Results

Sterling Construction (NASDAQ:STRL) issued its earnings results on Monday. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.16, Fidelity Earnings reports. Sterling Construction had a return on equity of 18.54% and a net margin of 4.12%. Sterling Construction updated its FY 2021 guidance to 1.880-1.880 EPS.

STRL traded up $1.66 during trading on Tuesday, hitting $22.64. The stock had a trading volume of 2,113 shares, compared to its average volume of 317,837. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.33. Sterling Construction has a 12 month low of $6.72 and a 12 month high of $24.49. The company has a 50 day simple moving average of $21.38 and a 200-day simple moving average of $19.70. The firm has a market cap of $647.48 million, a PE ratio of 10.04 and a beta of 1.43.

Separately, Zacks Investment Research cut shares of Sterling Construction from a “buy” rating to a “hold” rating in a research note on Tuesday, April 20th.

Sterling Construction Company Profile

Sterling Construction Company, Inc, a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads.

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Earnings History for Sterling Construction (NASDAQ:STRL)

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