Everus Construction Group (NYSE:ECG) Announces Earnings Results, Beats Estimates By $0.36 EPS

Everus Construction Group (NYSE:ECG) released its earnings results on Tuesday. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.72 by $0.36, FiscalAI reports. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $879.57 million.

Everus Construction Group Trading Down 1.7%

ECG traded down $1.83 during mid-day trading on Tuesday, reaching $104.25. The stock had a trading volume of 877,607 shares, compared to its average volume of 694,146. The firm’s fifty day simple moving average is $92.54 and its two-hundred day simple moving average is $87.57. The stock has a market capitalization of $5.32 billion, a P/E ratio of 29.53 and a beta of 3.84. Everus Construction Group has a 52 week low of $31.38 and a 52 week high of $110.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Man Group plc bought a new stake in Everus Construction Group in the 3rd quarter valued at $293,000. Cibc World Market Inc. bought a new position in shares of Everus Construction Group in the fourth quarter valued at about $282,000. Regal Investment Advisors LLC acquired a new stake in shares of Everus Construction Group during the 4th quarter worth about $274,000. Integrated Investment Consultants LLC bought a new stake in shares of Everus Construction Group during the 3rd quarter worth about $268,000. Finally, Utah Retirement Systems bought a new stake in shares of Everus Construction Group during the 3rd quarter worth about $238,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. DA Davidson set a $102.00 price objective on shares of Everus Construction Group in a research note on Thursday, November 6th. Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research note on Thursday, January 22nd. Guggenheim assumed coverage on Everus Construction Group in a report on Thursday, January 22nd. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus decreased their price target on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Everus Construction Group has a consensus rating of “Hold” and a consensus price target of $102.75.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Everus Construction Group is based in BISMARCK, N.D.