Wall Street brokerages expect Sterling Construction Company, Inc. (NASDAQ:STRL) to announce earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have made estimates for Sterling Construction’s earnings. Sterling Construction reported earnings of $0.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 72.7%. The business is scheduled to report its next quarterly earnings report on Monday, March 4th.

According to Zacks, analysts expect that Sterling Construction will report full year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.91 to $0.92. For the next financial year, analysts forecast that the company will post earnings of $1.24 per share, with EPS estimates ranging from $1.21 to $1.26. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $291.30 million during the quarter, compared to the consensus estimate of $301.90 million. Sterling Construction had a net margin of 2.19% and a return on equity of 14.47%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share.

Several equities research analysts have commented on STRL shares. Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, October 4th. BidaskClub raised shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, ValuEngine raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.50.

STRL opened at $12.45 on Monday. The firm has a market capitalization of $326.17 million, a P/E ratio of 22.64, a P/E/G ratio of 0.89 and a beta of 0.82. Sterling Construction has a 12 month low of $9.71 and a 12 month high of $16.68. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46.

A number of large investors have recently modified their holdings of STRL. Advisory Services Network LLC acquired a new position in shares of Sterling Construction during the 3rd quarter worth about $110,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Sterling Construction during the 3rd quarter worth about $150,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sterling Construction during the 3rd quarter worth about $175,000. Globeflex Capital L P acquired a new position in shares of Sterling Construction during the 3rd quarter worth about $258,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of 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 during the last quarter. 78.30% of the stock is currently owned by hedge funds and other institutional investors.

About Sterling Construction

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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