Analysts Expect Sterling Construction Company, Inc. (STRL) to Announce $0.14 EPS

Equities research analysts predict that Sterling Construction Company, Inc. (NASDAQ:STRL) will report earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sterling Construction’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.12. Sterling Construction posted earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 55.6%. The company is scheduled to announce its next quarterly earnings results on Monday, May 6th.

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

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Monday, March 4th. The construction company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Sterling Construction had a net margin of 2.43% and a return on equity of 15.44%. The business had revenue of $255.18 million for the quarter, compared to analyst estimates of $247.85 million.

A number of brokerages recently commented on STRL. BidaskClub lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. ValuEngine lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research lowered shares of Sterling Construction from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.50.

Shares of NASDAQ:STRL traded up $0.06 during midday trading on Monday, reaching $12.84. 100,300 shares of the company were exchanged, compared to its average volume of 175,224. Sterling Construction has a fifty-two week low of $9.71 and a fifty-two week high of $16.07. The company has a quick ratio of 1.67, a current ratio of 1.69 and a debt-to-equity ratio of 0.46. The firm has a market cap of $341.40 million, a price-to-earnings ratio of 13.81, a PEG ratio of 1.02 and a beta of 1.04.

Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Sterling Construction by 59.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,525 shares of the construction company’s stock valued at $213,000 after purchasing an additional 7,275 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Sterling Construction in the fourth quarter valued at $686,000. BlackRock Inc. grew its position in Sterling Construction by 4.5% in the third quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock valued at $28,933,000 after purchasing an additional 86,589 shares in the last quarter. Malaga Cove Capital LLC bought a new position in Sterling Construction in the fourth quarter valued at $223,000. Finally, Penn Capital Management Co. Inc. bought a new position in Sterling Construction in the fourth quarter valued at $1,548,000. Institutional investors and hedge funds own 80.19% of the company’s stock.

Sterling Construction Company Profile

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.

Recommended Story: Quick Ratio

Get a free copy of the Zacks research report on Sterling Construction (STRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.