Sterling Construction Company, Inc. to Post Q4 2018 Earnings of $0.19 Per Share, DA Davidson Forecasts (STRL)

Sterling Construction Company, Inc. (NASDAQ:STRL) – Research analysts at DA Davidson upped their Q4 2018 earnings per share (EPS) estimates for Sterling Construction in a research note issued to investors on Wednesday, November 7th. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18.

Sterling Construction (NASDAQ:STRL) last released its earnings results on Tuesday, November 6th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $291.30 million for the quarter, compared to analyst estimates of $301.90 million. Sterling Construction had a net margin of 2.19% and a return on equity of 14.89%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub raised shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine downgraded shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Sterling Construction in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Shares of STRL stock opened at $13.12 on Friday. The company has a market cap of $329.10 million, a PE ratio of 23.85, a P/E/G ratio of 1.18 and a beta of 0.70. Sterling Construction has a 52 week low of $10.74 and a 52 week high of $18.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.64.

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in Sterling Construction in the 3rd quarter valued at $110,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Sterling Construction in the 2nd quarter valued at $135,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Sterling Construction in the 3rd quarter valued at $150,000. Capital Fund Management S.A. grew its position in Sterling Construction by 28.4% in the 2nd quarter. Capital Fund Management S.A. now owns 22,600 shares of the construction company’s stock valued at $294,000 after purchasing an additional 5,000 shares during the period. Finally, Global X Management Co LLC grew its position in Sterling Construction by 17.1% in the 2nd quarter. Global X Management Co LLC now owns 23,795 shares of the construction company’s stock valued at $310,000 after purchasing an additional 3,476 shares during the period. 76.05% of the stock is owned by institutional investors.

Sterling Construction Company Profile

Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.

Read More: Compound Annual Growth Rate (CAGR)

Earnings History and Estimates for Sterling Construction (NASDAQ:STRL)

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