Somewhat Positive News Coverage Somewhat Unlikely to Affect Sterling Construction (STRL) Share Price

Media coverage about Sterling Construction (NASDAQ:STRL) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Construction earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.4640566354884 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Sterling Construction (NASDAQ STRL) opened at $17.95 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market cap of $474.21, a P/E ratio of 116.87, a PEG ratio of 3.58 and a beta of 0.36. Sterling Construction has a 1-year low of $7.75 and a 1-year high of $18.90.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $304.20 million during the quarter, compared to analyst estimates of $263.69 million. Sterling Construction had a net margin of 0.25% and a return on equity of 3.90%. The firm’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. sell-side analysts anticipate that Sterling Construction will post 0.44 earnings per share for the current year.

Several equities analysts have recently weighed in on STRL shares. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 target price on shares of Sterling Construction in a report on Saturday, August 26th. TheStreet lowered shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, August 21st. Zacks Investment Research lowered shares of Sterling Construction from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, BidaskClub lowered shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.00.

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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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