Sterling Infrastructure (STRL) Set to Announce Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) is scheduled to post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Sterling Infrastructure to post earnings of $1.43 per share for the quarter. Sterling Infrastructure has set its FY 2024 guidance at 5.000-5.300 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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. The business had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. On average, analysts expect Sterling Infrastructure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $104.90 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of 21.81, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $117.13 and a two-hundred day simple moving average of $106.78. Sterling Infrastructure has a one year low of $55.45 and a one year high of $137.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

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.