Sterling Infrastructure (NASDAQ:STRL) Posts Earnings Results, Beats Estimates By $0.24 EPS

Sterling Infrastructure (NASDAQ:STRL) announced its quarterly earnings results on Monday. The construction company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24, Zacks reports. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The business had revenue of $582.82 million during the quarter, compared to analysts’ expectations of $553.70 million. During the same quarter last year, the business posted $1.27 earnings per share.

Sterling Infrastructure Trading Down 1.8 %

NASDAQ:STRL traded down $1.92 during mid-day trading on Wednesday, reaching $104.23. The company’s stock had a trading volume of 269,529 shares, compared to its average volume of 371,133. The company’s fifty day simple moving average is $116.34 and its two-hundred day simple moving average is $107.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25. Sterling Infrastructure has a twelve month low of $55.45 and a twelve month high of $137.63. The stock has a market cap of $3.22 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.40 and a beta of 1.19.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

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.