Sterling Infrastructure (NASDAQ:STRL) Releases Earnings Results

Sterling Infrastructure (NASDAQ:STRL) posted its earnings results on Monday. The construction company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.24, Zacks reports. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. The business had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. During the same period in the prior year, the company posted $1.27 EPS.

Sterling Infrastructure Price Performance

STRL traded down $2.19 during midday trading on Wednesday, hitting $103.96. 465,524 shares of the company traded hands, compared to its average volume of 372,431. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.40 and a beta of 1.19. The business has a 50 day simple moving average of $116.34 and a two-hundred day simple moving average of $107.37. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Sterling Infrastructure has a 52-week low of $55.45 and a 52-week high of $137.63.

Analysts Set New Price Targets

Separately, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.