StockNews.com lowered shares of Sterling Infrastructure (NASDAQ:STRL – Free Report) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
Sterling Infrastructure Stock Performance
Shares of NASDAQ STRL opened at $115.28 on Wednesday. The company has a market cap of $3.56 billion, a PE ratio of 23.97 and a beta of 1.19. Sterling Infrastructure has a 12 month low of $55.45 and a 12 month high of $137.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day simple moving average of $118.85 and a 200-day simple moving average of $105.45.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. The business had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. On average, equities analysts anticipate that Sterling Infrastructure will post 5.3 earnings per share for the current year.
Institutional Investors Weigh In On Sterling Infrastructure
About Sterling Infrastructure
Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.
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