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.
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.
Featured Article: Stock Portfolio Tracker
Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.