Sterling Construction (STRL) Receives Media Impact Rating of 0.24
Media stories about Sterling Construction (NASDAQ:STRL) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sterling Construction earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.9518561627757 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Here's Why You Should Add Trex Company to Your Portfolio (finance.yahoo.com)
- BidaskClub Lowers Sterling Construction Company Inc (STRL) to Sell (americanbankingnews.com)
- Sterling Construction Company Inc (STRL) Expected to Announce Quarterly Sales of $262.20 Million (americanbankingnews.com)
- Sterling Construction Co., Inc. – Value Analysis (NASDAQ:STRL) : August 17, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Sterling Construction Company Inc (STRL) to Announce $0.23 EPS (americanbankingnews.com)
Shares of Sterling Construction (NASDAQ:STRL) remained flat at $9.76 on Friday. 146,530 shares of the company traded hands. The firm’s market capitalization is $263.81 million. The company’s 50-day moving average price is $12.16 and its 200 day moving average price is $10.40. Sterling Construction has a 1-year low of $6.13 and a 1-year high of $14.93.
Sterling Construction (NASDAQ:STRL) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $231.42 million. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. Sterling Construction’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. Equities analysts forecast that Sterling Construction will post $0.39 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a research note on Wednesday, August 9th. BidaskClub downgraded Sterling Construction from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised Sterling Construction from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Tuesday, August 8th. TheStreet raised Sterling Construction from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, DA Davidson raised Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.00.
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In other Sterling Construction news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $10.63, for a total value of $159,450.00. Following the sale, the director now owns 45,307 shares in the company, valued at $481,613.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.
Sterling Construction Company Profile
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
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