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

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

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $106.15 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure has a one year low of $55.45 and a one year high of $137.63. The company has a market cap of $3.28 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The business has a fifty day moving average of $116.34 and a two-hundred day moving average of $107.37.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

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.