Star Equity (NASDAQ:STRR) Releases Quarterly Earnings Results

Star Equity (NASDAQ:STRR) released its quarterly earnings results on Wednesday. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01, Zacks reports. The company had revenue of $53.92 million for the quarter, compared to analyst estimates of $53.57 million. Star Equity had a negative return on equity of 4.21% and a negative net margin of 4.35%.

Star Equity Stock Up 1.6%

Star Equity stock opened at $8.93 on Thursday. The firm has a market capitalization of $32.94 million, a PE ratio of -2.92 and a beta of 0.48. The company’s 50-day moving average is $9.89 and its 200-day moving average is $10.24. Star Equity has a fifty-two week low of $8.58 and a fifty-two week high of $11.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.96 and a quick ratio of 1.73.

Wall Street Analysts Forecast Growth

STRR has been the subject of a number of research reports. Zacks Research cut Star Equity from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Weiss Ratings upgraded shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

About Star Equity

Star Equity Holdings, Inc. is a diversified holding company headquartered in the United States. Formerly known as Digirad Corporation, the company adopted the Star Equity Holdings name as it expanded beyond its original healthcare operations. Through its Building Solutions segment, Star Equity provides structural wall panels, engineered wood products and related construction services for residential and commercial projects. Its operations support builders and developers with off-site and prefabricated construction products designed for use in a range of building applications.