Centuri (CTRI) Set to Announce Earnings on Wednesday

Centuri (NYSE:CTRI) will be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The business’s revenue was down 16.6% on a year-over-year basis. On average, analysts expect Centuri to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Centuri Price Performance

CTRI opened at $18.21 on Wednesday. The firm’s 50 day moving average is $16.93. Centuri has a one year low of $14.47 and a one year high of $28.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTRI. Wells Fargo & Company cut their target price on Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lowered shares of Centuri from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $19.00 to $16.00 in a research note on Monday, October 7th. Bank of America lowered their target price on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a research note on Tuesday, July 30th. Finally, UBS Group cut shares of Centuri from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $17.00 in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Centuri has an average rating of “Moderate Buy” and an average price target of $20.00.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.