Wall Street brokerages expect Sterling Construction Company Inc (NASDAQ:STRL) to announce sales of $262.20 million for the current quarter, Zacks reports. Two analysts have issued estimates for Sterling Construction’s earnings. The highest sales estimate is $265.00 million and the lowest is $259.40 million. Sterling Construction posted sales of $205.63 million in the same quarter last year, which suggests a positive year over year growth rate of 27.5%. The company is scheduled to report its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Sterling Construction will report full year sales of $262.20 million for the current fiscal year, with estimates ranging from $869.60 million to $877.80 million. For the next financial year, analysts anticipate that the business will post sales of $991.10 million per share, with estimates ranging from $982.20 million to $1.00 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Sterling Construction.

Sterling Construction (NASDAQ:STRL) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.17. The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share.

STRL has been the topic of several analyst reports. TheStreet raised shares of Sterling Construction from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a research report on Wednesday, August 9th. DA Davidson raised shares of Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, May 11th. Finally, BidaskClub cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

In other news, Director Milton L. Scott sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $10.63, for a total value of $159,450.00. Following the sale, the director now directly owns 45,307 shares of the company’s stock, valued at approximately $481,613.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Sterling Construction by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,482,822 shares of the construction company’s stock worth $19,380,000 after buying an additional 96,924 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sterling Construction by 33.4% in the second quarter. Renaissance Technologies LLC now owns 1,479,900 shares of the construction company’s stock worth $19,342,000 after buying an additional 370,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sterling Construction by 7.1% in the second quarter. Vanguard Group Inc. now owns 962,759 shares of the construction company’s stock worth $12,583,000 after buying an additional 64,041 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Sterling Construction by 9.9% in the second quarter. Acadian Asset Management LLC now owns 854,964 shares of the construction company’s stock worth $11,175,000 after buying an additional 77,048 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in shares of Sterling Construction by 22.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 546,420 shares of the construction company’s stock worth $5,054,000 after buying an additional 98,434 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

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Sterling Construction (NASDAQ STRL) opened at 9.76 on Friday. The firm’s market capitalization is $263.81 million. Sterling Construction has a 52-week low of $6.06 and a 52-week high of $14.93. The firm’s 50-day moving average is $12.26 and its 200 day moving average is $10.39.

About Sterling Construction

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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