Southland (NASDAQ:SLND – Get Free Report) issued its earnings results on Tuesday. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05), Zacks reports. Southland had a negative net margin of 10.38% and a negative return on equity of 43.46%. The firm had revenue of $173.32 million during the quarter.
Southland Stock Up 16.4 %
Southland stock opened at $2.91 on Friday. Southland has a 52 week low of $1.85 and a 52 week high of $6.16. The business’s 50-day moving average price is $3.50 and its 200 day moving average price is $4.13. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.80.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum dropped their price objective on shares of Southland from $9.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday.
About Southland
Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.
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