News articles about Sterling Construction (NASDAQ:STRL) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sterling Construction earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.5084951165106 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Sterling Construction Company, Inc. Awarded $26 Million Road Project in Frisco, Texas (finance.yahoo.com)
- Get Sweet Surprises on Earnings From These 5 Stocks (finance.yahoo.com)
- Sterling Construction Company Inc (STRL) Expected to Announce Quarterly Sales of $262.20 Million (americanbankingnews.com)
Several analysts have recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a research note on Wednesday, August 9th. BidaskClub downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. TheStreet downgraded Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Tuesday, August 8th. Finally, DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. Sterling Construction has an average rating of “Buy” and a consensus target price of $14.00.
Sterling Construction (NASDAQ STRL) traded up 6.07% during mid-day trading on Tuesday, hitting $15.20. The stock had a trading volume of 1,067,111 shares. The company’s market capitalization is $410.86 million. The stock’s 50-day moving average is $11.42 and its 200 day moving average is $10.65. Sterling Construction has a 52 week low of $6.13 and a 52 week high of $15.26.
Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.17. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The company had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $231.42 million. During the same quarter last year, the company earned $0.09 EPS. Sterling Construction’s revenue for the quarter was up 39.5% compared to the same quarter last year. Equities analysts forecast that Sterling Construction will post $0.39 earnings per share for the current fiscal year.
In related news, Director Milton L. Scott sold 15,000 shares of Sterling Construction stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $10.63, for a total transaction of $159,450.00. Following the completion of the transaction, the director now owns 45,307 shares in the company, valued at $481,613.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.
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About Sterling Construction
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
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