Sterling Infrastructure (NASDAQ:STRL) Posts Earnings Results, Beats Expectations By $0.24 EPS

Sterling Infrastructure (NASDAQ:STRL) issued its earnings results on Monday. The construction company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24, Zacks reports. The company had revenue of $582.82 million for the quarter, compared to analysts’ expectations of $553.70 million. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. During the same quarter last year, the company earned $1.27 EPS.

Sterling Infrastructure Trading Down 2.3 %

Shares of NASDAQ:STRL traded down $2.42 during trading on Wednesday, reaching $103.73. 389,556 shares of the company traded hands, compared to its average volume of 371,928. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Sterling Infrastructure has a 52-week low of $55.45 and a 52-week high of $137.63. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.40 and a beta of 1.19. The business’s fifty day moving average is $116.34 and its 200-day moving average is $107.37.

Analysts Set New Price Targets

Separately, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

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.