Sterling Infrastructure, Inc. Expected to Earn Q2 2024 Earnings of $1.38 Per Share (NASDAQ:STRL)

Sterling Infrastructure, Inc. (NASDAQ:STRL) – Equities research analysts at Sidoti Csr issued their Q2 2024 earnings per share (EPS) estimates for Sterling Infrastructure in a research report issued to clients and investors on Tuesday, July 23rd. Sidoti Csr analyst J. Romero forecasts that the construction company will post earnings per share of $1.38 for the quarter. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.30 per share. Sidoti Csr also issued estimates for Sterling Infrastructure’s Q3 2024 earnings at $1.53 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $5.19 EPS, Q1 2025 earnings at $1.00 EPS, Q2 2025 earnings at $1.62 EPS, Q3 2025 earnings at $1.72 EPS, Q4 2025 earnings at $1.44 EPS and FY2025 earnings at $5.78 EPS.

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday.

Sterling Infrastructure Trading Down 2.7 %

NASDAQ:STRL opened at $110.06 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 22.88 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Sterling Infrastructure has a 12 month low of $55.45 and a 12 month high of $137.63. The firm has a fifty day simple moving average of $119.12 and a 200-day simple moving average of $105.20.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The company had revenue of $440.36 million during the quarter, compared to analysts’ expectations of $453.30 million. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%.

Hedge Funds Weigh In On Sterling Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after acquiring an additional 219 shares during the period. Family Firm Inc. purchased a new position in shares of Sterling Infrastructure during the second quarter worth $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure during the second quarter worth $40,000. Atticus Wealth Management LLC acquired a new position in Sterling Infrastructure during the first quarter valued at $55,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter valued at $60,000. Institutional investors and hedge funds own 80.95% 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.