Sterling Construction (NASDAQ:STRL) released its quarterly earnings data on Monday, March 5th. The construction company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $253.90 million for the quarter, compared to analyst estimates of $221.53 million. Sterling Construction had a return on equity of 10.76% and a net margin of 1.21%. The company’s quarterly revenue was up 50.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) earnings per share.
Shares of Sterling Construction stock opened at $12.28 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.50 and a debt-to-equity ratio of 0.59. Sterling Construction has a 12-month low of $8.54 and a 12-month high of $18.90. The firm has a market cap of $331.38, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.23 and a beta of 0.34.
In other news, COO Con L. Wadsworth acquired 8,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was bought at an average cost of $12.43 per share, with a total value of $99,440.00. Following the transaction, the chief operating officer now directly owns 68,670 shares in the company, valued at approximately $853,568.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by corporate insiders.
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Sterling Construction Company Profile
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
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