Sterling Construction (NASDAQ:STRL) Releases FY 2021 Earnings Guidance

Sterling Construction (NASDAQ:STRL) updated its FY 2021 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.900-$2.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.970. The company issued revenue guidance of $1.46 billion-$1.49 billion, compared to the consensus revenue estimate of $1.48 billion.

Separately, Zacks Investment Research cut shares of Sterling Construction from a buy rating to a hold rating in a research note on Thursday, October 7th.

NASDAQ STRL traded up $0.33 during trading hours on Thursday, hitting $23.15. 100 shares of the company’s stock traded hands, compared to its average volume of 252,297. The firm’s 50-day moving average is $22.68 and its 200-day moving average is $22.41. Sterling Construction has a 52-week low of $13.39 and a 52-week high of $25.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $665.89 million, a PE ratio of 12.68 and a beta of 1.35.

Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Sunday, August 1st. The construction company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.17. Sterling Construction had a net margin of 3.56% and a return on equity of 18.83%. The business had revenue of $401.67 million during the quarter, compared to analysts’ expectations of $403.30 million. Equities research analysts predict that Sterling Construction will post 1.98 earnings per share for the current fiscal year.

In related news, Director Julie Dill acquired 10,000 shares of the firm’s stock in a transaction dated Friday, September 10th. The shares were purchased at an average cost of $22.56 per share, for a total transaction of $225,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Sterling Construction Company Profile

Sterling Construction Co, Inc is a construction company, which engages in the civil infrastructure construction, infrastructure rehabilitation, and residential construction projects. It operates through the following segments: Heavy Civil, Specialty Services, and Residential. The Heavy Civil Construction segment comprises highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures projects.

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

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