Centuri (NYSE:CTRI) Issues Earnings Results, Misses Expectations By $0.03 EPS

Centuri (NYSE:CTRI) released its quarterly earnings data on Wednesday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03), FiscalAI reports. The business had revenue of $858.60 million for the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a net margin of 0.09% and a return on equity of 6.37%. Centuri’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share.

Here are the key takeaways from Centuri’s conference call:

• Company delivered a record $3.0 billion in 2025 revenue with adjusted net income of $39 million (up 49% YoY) and base revenue/gross profit up 18% and 35%, respectively.
• Commercial momentum: a 1.5x book-to-bill for 2025 with > $4.5 billion of bookings and a year-end backlog of ~$5.9 billion that management says covers >85% of 2026 base revenue.
• Management is targeting margin expansion via a 3‑year plan to mitigate gas seasonality (starting 2026), a goal of at least 20% fleet-efficiency improvement, and improved Non-Union Electric crew productivity.
• Balance-sheet progress: completed an equity raise (~$251 million), used proceeds for the Connect acquisition and debt paydown, lowering net debt/adjusted EBITDA to 2.5x with a target of ~2.0x and roughly 30% lower interest expense expected in 2026.
• Remaining risks and variability: data-center awards have been slower than expected so far, storm restoration revenue is inherently variable (guidance uses a 3‑year average), and Q4 adjusted net income was slightly below prior-year quarter, implying potential near-term earnings volatility.

Centuri Price Performance

Centuri stock traded down $0.26 during mid-day trading on Wednesday, hitting $30.70. 1,505,022 shares of the company traded hands, compared to its average volume of 1,282,749. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. Centuri has a one year low of $14.45 and a one year high of $32.38. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 1,030.21, a price-to-earnings-growth ratio of 1.18 and a beta of 0.81. The stock has a fifty day moving average price of $27.95 and a 200-day moving average price of $23.78.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CTRI shares. JPMorgan Chase & Co. raised their price objective on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. UBS Group raised their price target on Centuri from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their price objective on Centuri from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald initiated coverage on Centuri in a research note on Friday, January 23rd. They issued an “overweight” rating and a $34.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.40.

Insider Buying and Selling at Centuri

In related news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the transaction, the chief executive officer directly owned 22,089 shares in the company, valued at approximately $541,401.39. The trade was a 24.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Centuri

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Centuri by 7.0% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after acquiring an additional 1,337 shares in the last quarter. Sandia Investment Management LP lifted its holdings in shares of Centuri by 11.9% in the 4th quarter. Sandia Investment Management LP now owns 15,000 shares of the company’s stock worth $379,000 after acquiring an additional 1,600 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Centuri by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 43,488 shares of the company’s stock valued at $1,098,000 after purchasing an additional 2,185 shares during the last quarter.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.