Wall Street analysts expect that Sterling Construction Company, Inc. (NASDAQ:STRL) will post earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sterling Construction’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. Sterling Construction reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The business is expected to issue its next quarterly earnings results on Monday, October 29th.

According to Zacks, analysts expect that Sterling Construction will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.95. For the next fiscal year, analysts anticipate that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.21 to $1.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Sterling Construction.

Sterling Construction (NASDAQ:STRL) last issued its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Sterling Construction had a net margin of 1.99% and a return on equity of 13.94%. The company had revenue of $268.70 million for the quarter, compared to the consensus estimate of $259.95 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year.

Several research firms have weighed in on STRL. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday, October 4th. ValuEngine upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Sterling Construction in a research report on Friday, August 10th. Finally, BidaskClub upgraded shares of Sterling Construction from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new position in Sterling Construction in the second quarter worth approximately $135,000. Hancock Holding Co. raised its position in Sterling Construction by 22.6% in the first quarter. Hancock Holding Co. now owns 22,921 shares of the construction company’s stock worth $263,000 after acquiring an additional 4,226 shares during the period. Capital Fund Management S.A. raised its position in Sterling Construction by 28.4% in the second quarter. Capital Fund Management S.A. now owns 22,600 shares of the construction company’s stock worth $294,000 after acquiring an additional 5,000 shares during the period. Global X Management Co LLC raised its position in Sterling Construction by 17.1% in the second quarter. Global X Management Co LLC now owns 23,795 shares of the construction company’s stock worth $310,000 after acquiring an additional 3,476 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Sterling Construction in the second quarter worth approximately $324,000. Institutional investors and hedge funds own 76.76% of the company’s stock.

STRL traded down $0.61 during trading on Friday, hitting $12.13. The company’s stock had a trading volume of 334,600 shares, compared to its average volume of 181,632. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Sterling Construction has a one year low of $10.74 and a one year high of $18.90. The company has a market capitalization of $362.11 million, a PE ratio of 22.05, a PEG ratio of 1.29 and a beta of 0.40.

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.

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

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