$0.14 Earnings Per Share Expected for Sterling Construction Company, Inc. (STRL) This Quarter

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Equities analysts forecast that Sterling Construction Company, Inc. (NASDAQ:STRL) will announce earnings per share of $0.14 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sterling Construction’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.12. Sterling Construction posted earnings per share of $0.09 in the same quarter last year, which suggests a positive year-over-year growth rate of 55.6%. The company is expected to announce its next earnings results on Monday, May 6th.

On average, analysts expect that Sterling Construction will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sterling Construction.

Sterling Construction (NASDAQ:STRL) last released its earnings results on Monday, March 4th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $255.18 million during the quarter, compared to the consensus estimate of $247.85 million. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%.

STRL has been the topic of a number of research analyst reports. ValuEngine upgraded Sterling Construction from a “hold” rating to a “buy” rating in a report on Friday, March 1st. BidaskClub upgraded Sterling Construction from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded Sterling Construction from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.50.

NASDAQ:STRL opened at $13.62 on Monday. The company has a market cap of $347.95 million, a price-to-earnings ratio of 14.65, a PEG ratio of 1.01 and a beta of 1.04. Sterling Construction has a fifty-two week low of $9.71 and a fifty-two week high of $16.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.69 and a quick ratio of 1.67.

Several institutional investors have recently bought and sold shares of STRL. Assenagon Asset Management S.A. bought a new position in shares of Sterling Construction during the 4th quarter worth approximately $1,561,000. Penn Capital Management Co. Inc. bought a new position in shares of Sterling Construction during the 4th quarter worth approximately $1,548,000. Marshall Wace LLP bought a new position in shares of Sterling Construction during the 3rd quarter worth approximately $1,775,000. Royce & Associates LP boosted its holdings in shares of Sterling Construction by 20.5% during the 4th quarter. Royce & Associates LP now owns 519,473 shares of the construction company’s stock worth $5,657,000 after buying an additional 88,373 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new position in shares of Sterling Construction during the 4th quarter worth approximately $946,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

About Sterling Construction

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

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