Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) – Equities research analysts at Sidoti Csr issued their Q2 2024 earnings per share estimates for Sterling Infrastructure in a report issued on Tuesday, July 23rd. Sidoti Csr analyst J. Romero forecasts that the construction company will earn $1.38 per share for the quarter. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.30 per share. Sidoti Csr also issued estimates for Sterling Infrastructure’s Q3 2024 earnings at $1.53 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $5.19 EPS, Q1 2025 earnings at $1.00 EPS, Q2 2025 earnings at $1.62 EPS, Q3 2025 earnings at $1.72 EPS, Q4 2025 earnings at $1.44 EPS and FY2025 earnings at $5.78 EPS.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The company had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million.
Separately, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday.
Read Our Latest Stock Analysis on Sterling Infrastructure
Sterling Infrastructure Stock Up 4.7 %
Shares of Sterling Infrastructure stock opened at $115.28 on Friday. Sterling Infrastructure has a 1 year low of $55.45 and a 1 year high of $137.63. The business has a 50-day moving average of $118.85 and a two-hundred day moving average of $105.45. The company has a market capitalization of $3.56 billion, a P/E ratio of 23.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.
Institutional Trading of Sterling Infrastructure
Several hedge funds have recently added to or reduced their stakes in STRL. Nisa Investment Advisors LLC increased its stake in Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after acquiring an additional 219 shares during the period. Family Firm Inc. bought a new position in Sterling Infrastructure during the 2nd quarter worth $38,000. Opal Wealth Advisors LLC bought a new position in Sterling Infrastructure during the 2nd quarter worth $40,000. Atticus Wealth Management LLC bought a new position in Sterling Infrastructure during the 1st quarter worth $55,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Sterling Infrastructure during the 4th quarter worth $60,000. 80.95% of the stock is owned by institutional investors and hedge funds.
Sterling Infrastructure Company Profile
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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