Sterling Infrastructure (STRL) to Release Quarterly Earnings on Wednesday

Sterling Infrastructure (NASDAQ:STRL) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Sterling Infrastructure to post earnings of $1.68 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million during the quarter, compared to analyst estimates of $553.70 million. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts expect Sterling Infrastructure to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Stock Up 2.3 %

STRL stock opened at $156.13 on Wednesday. The stock’s 50 day moving average is $136.99 and its 200-day moving average is $122.60. Sterling Infrastructure has a twelve month low of $55.45 and a twelve month high of $170.50. The firm has a market capitalization of $4.82 billion, a PE ratio of 32.46, a P/E/G ratio of 1.89 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

Insider Buying and Selling at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

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.