Everus (NYSE:ECG) Issues Earnings Results

Everus (NYSE:ECG) posted its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06), Zacks reports.

Everus Price Performance

Shares of NYSE:ECG traded down $1.60 during midday trading on Tuesday, hitting $68.32. The company had a trading volume of 456,506 shares, compared to its average volume of 583,820. Everus has a twelve month low of $40.05 and a twelve month high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The firm’s 50-day moving average is $68.89.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ECG shares. Wolfe Research initiated coverage on Everus in a report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Stifel Nicolaus boosted their price target on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, DA Davidson assumed coverage on shares of Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 target price on the stock.

About Everus

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.