Construction Partners (NASDAQ:ROAD) Announces Earnings Results, Misses Expectations By $0.01 EPS

Construction Partners (NASDAQ:ROAD) released its earnings results on Thursday. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01), Briefing.com reports. The firm had revenue of $538.16 million during the quarter, compared to the consensus estimate of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 13.15%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS.

Construction Partners Stock Performance

Shares of ROAD stock opened at $99.98 on Friday. The company has a fifty day moving average price of $79.08 and a two-hundred day moving average price of $65.68. Construction Partners has a one year low of $39.79 and a one year high of $100.70. The stock has a market cap of $5.28 billion, a P/E ratio of 75.74, a P/E/G ratio of 1.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.30.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ROAD shares. Raymond James boosted their price objective on shares of Construction Partners from $69.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson boosted their price target on shares of Construction Partners from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Stifel Nicolaus raised their price objective on Construction Partners from $61.00 to $67.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Robert W. Baird lifted their target price on Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.