Construction Partners (ROAD) to Release Earnings on Friday

Construction Partners (NASDAQ:ROAD) will issue its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Construction Partners has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Construction Partners (NASDAQ:ROAD) last released its quarterly earnings results on Friday, February 9th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.62 million. Construction Partners had a net margin of 3.52% and a return on equity of 11.56%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. On average, analysts expect Construction Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Construction Partners Stock Performance

NASDAQ ROAD opened at $53.78 on Wednesday. Construction Partners has a 1-year low of $27.22 and a 1-year high of $58.65. The company has a 50 day moving average of $53.05 and a 200-day moving average of $46.54. The company has a current ratio of 1.75, a quick ratio of 1.39 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 49.80, a PEG ratio of 1.33 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Construction Partners from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Robert W. Baird lowered Construction Partners from an “outperform” rating to a “neutral” rating and raised their target price for the company from $46.00 to $50.00 in a research note on Monday, February 12th. Finally, Sidoti downgraded shares of Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.