Sterling Infrastructure (NASDAQ:STRL – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.600-5.750 for the period, compared to the consensus EPS estimate of 5.240. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.
Sterling Infrastructure Stock Up 4.5 %
NASDAQ STRL traded up $4.61 during trading hours on Tuesday, hitting $107.17. 523,227 shares of the company traded hands, compared to its average volume of 370,259. The business’s 50-day moving average is $117.13 and its 200-day moving average is $106.98. Sterling Infrastructure has a twelve month low of $55.45 and a twelve month high of $137.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.40 and a beta of 1.19.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.24. The firm had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. During the same quarter in the prior year, the company earned $1.27 earnings per share. Sell-side analysts anticipate that Sterling Infrastructure will post 5.25 earnings per share for the current year.
Analyst Upgrades and Downgrades
View Our Latest Analysis on STRL
Sterling Infrastructure Company Profile
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.
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