Equities Analysts Issue Forecasts for Sterling Construction Company, Inc.’s Q1 2018 Earnings (STRL)

Sterling Construction Company, Inc. (NASDAQ:STRL) – Equities research analysts at DA Davidson issued their Q1 2018 earnings per share estimates for Sterling Construction in a research report issued on Tuesday. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings of $0.04 per share for the quarter. DA Davidson also issued estimates for Sterling Construction’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.91 EPS and FY2019 earnings at $1.38 EPS.

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Sterling Construction (NASDAQ:STRL) last released its quarterly earnings data on Monday, March 5th. The construction company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Sterling Construction had a return on equity of 10.76% and a net margin of 1.21%. The business had revenue of $253.90 million during the quarter, compared to analysts’ expectations of $221.53 million. During the same quarter last year, the business posted ($0.25) EPS. The company’s quarterly revenue was up 50.9% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Sterling Construction from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th. TheStreet cut Sterling Construction from a “b-” rating to a “c” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research cut Sterling Construction from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Sterling Construction presently has an average rating of “Hold” and an average target price of $17.00.

Shares of Sterling Construction (STRL) opened at $13.00 on Friday. Sterling Construction has a fifty-two week low of $8.42 and a fifty-two week high of $18.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.42. The firm has a market capitalization of $351.66, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.26 and a beta of 0.34.

A number of hedge funds have recently bought and sold shares of STRL. Voya Investment Management LLC bought a new position in Sterling Construction during the 2nd quarter valued at approximately $144,000. Metropolitan Life Insurance Co. NY bought a new position in Sterling Construction during the 4th quarter valued at approximately $145,000. Macquarie Group Ltd. bought a new position in Sterling Construction during the 3rd quarter valued at approximately $214,000. MetLife Investment Advisors LLC bought a new position in Sterling Construction during the 4th quarter valued at approximately $216,000. Finally, Virtu Financial LLC bought a new position in Sterling Construction during the 4th quarter valued at approximately $228,000. 74.87% of the stock is owned by institutional investors.

In related news, Director Maarten D. Hemsley sold 29,800 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Con L. Wadsworth acquired 8,000 shares of Sterling Construction stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average cost of $12.43 per share, with a total value of $99,440.00. Following the transaction, the chief operating officer now owns 68,670 shares in the company, valued at $853,568.10. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.

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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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