Sterling Construction (NASDAQ:STRL) announced its quarterly earnings results on Sunday. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16, Fidelity Earnings reports. Sterling Construction had a net margin of 4.12% and a return on equity of 18.54%.
STRL stock traded up $2.24 during trading on Tuesday, reaching $23.22. The stock had a trading volume of 26,114 shares, compared to its average volume of 317,837. Sterling Construction has a 1-year low of $6.72 and a 1-year high of $24.49. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $664.07 million, a P/E ratio of 10.83 and a beta of 1.43. The firm has a fifty day moving average price of $21.38 and a 200 day moving average price of $19.70.
Separately, Zacks Investment Research cut shares of Sterling Construction from a “buy” rating to a “hold” rating in a research report on Tuesday, April 20th.
About Sterling Construction
Sterling Construction Company, Inc, a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads.
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