$215.22 Million in Sales Expected for Construction Partners Inc (ROAD) This Quarter
Brokerages predict that Construction Partners Inc (NASDAQ:ROAD) will post sales of $215.22 million for the current quarter, Zacks reports. Four analysts have provided estimates for Construction Partners’ earnings, with the highest sales estimate coming in at $216.00 million and the lowest estimate coming in at $214.07 million. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, December 10th.
According to Zacks, analysts expect that Construction Partners will report full-year sales of $679.49 million for the current year, with estimates ranging from $678.47 million to $680.10 million. For the next year, analysts forecast that the firm will post sales of $768.16 million, with estimates ranging from $748.01 million to $793.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Construction Partners.
A number of analysts recently weighed in on ROAD shares. DA Davidson set a $15.00 price target on shares of Construction Partners and gave the company a “buy” rating in a report on Friday, November 23rd. Zacks Investment Research raised shares of Construction Partners from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Thursday, August 16th. Imperial Capital lowered their price target on shares of Construction Partners from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. Finally, ValuEngine lowered shares of Construction Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $14.33.
Shares of Construction Partners stock traded down $0.70 during midday trading on Monday, reaching $9.00. The company had a trading volume of 73,324 shares, compared to its average volume of 59,538. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.74. Construction Partners has a 1-year low of $8.17 and a 1-year high of $14.06.
Construction Partners Company Profile
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. Its services cover construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.
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