Sterling Construction Company Inc (STRL) to Release Earnings on Monday

Sterling Construction Company Inc (NASDAQ:STRL) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Sterling Construction (NASDAQ:STRL) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, topping 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 business had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $231.42 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts expect Sterling Construction to post $0.39 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.

Shares of Sterling Construction Company Inc (NASDAQ STRL) opened at 15.45 on Friday. The firm has a 50 day moving average price of $14.90 and a 200 day moving average price of $12.03. The stock’s market capitalization is $417.61 million. Sterling Construction Company Inc has a one year low of $6.13 and a one year high of $16.05.

Several research firms have recently commented on STRL. Zacks Investment Research lowered Sterling Construction from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Canaccord Genuity restated a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Sterling Construction presently has an average rating of “Hold” and an average target price of $15.33.

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Sterling Construction Company Profile

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.

Earnings History for Sterling Construction (NASDAQ:STRL)

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