Equities analysts predict that Sterling Construction Company, Inc. (NASDAQ:STRL) will report sales of $273.05 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sterling Construction’s earnings, with the lowest sales estimate coming in at $266.10 million and the highest estimate coming in at $280.00 million. Sterling Construction posted sales of $268.73 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is expected to report its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Sterling Construction will report full-year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.12 billion. For the next year, analysts forecast that the business will post sales of $1.17 billion, with estimates ranging from $1.13 billion to $1.21 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Sterling Construction.
Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Sterling Construction had a net margin of 2.36% and a return on equity of 14.67%. The business had revenue of $223.90 million for the quarter, compared to the consensus estimate of $225.85 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was up .6% on a year-over-year basis.
In other news, Director Roger A. Cregg bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of $11.94 per share, for a total transaction of $119,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of STRL. BlackRock Inc. lifted its position in Sterling Construction by 4.5% during the third quarter. BlackRock Inc. now owns 2,020,455 shares of the construction company’s stock worth $28,933,000 after buying an additional 86,589 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sterling Construction by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,646,543 shares of the construction company’s stock worth $23,578,000 after purchasing an additional 22,658 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sterling Construction by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 160,069 shares of the construction company’s stock worth $2,292,000 after purchasing an additional 28,953 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Sterling Construction by 54.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 20,440 shares of the construction company’s stock worth $293,000 after purchasing an additional 7,194 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Sterling Construction during the 3rd quarter worth $1,775,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.
NASDAQ STRL traded down $0.07 on Friday, reaching $12.14. 59,485 shares of the company’s stock traded hands, compared to its average volume of 182,670. Sterling Construction has a 12 month low of $9.71 and a 12 month high of $16.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.64. The stock has a market capitalization of $320.69 million, a P/E ratio of 13.05, a PEG ratio of 0.97 and a beta of 1.05.
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.
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