Everus Construction Group (NYSE:ECG) Posts Earnings Results, Beats Expectations By $0.49 EPS

Everus Construction Group (NYSE:ECG) issued its earnings results on Tuesday. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.49, Zacks reports. Everus Construction Group had a net margin of 5.07% and a return on equity of 35.83%. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. Everus Construction Group updated its FY 2025 guidance to EPS.

Everus Construction Group Stock Performance

Everus Construction Group stock traded down $3.38 during trading hours on Tuesday, hitting $86.85. The company had a trading volume of 788,629 shares, compared to its average volume of 437,561. The firm has a market cap of $4.43 billion and a PE ratio of 27.85. The firm has a 50-day moving average of $83.37 and a 200 day moving average of $69.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.69. Everus Construction Group has a one year low of $31.38 and a one year high of $95.90.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ECG shares. DA Davidson lifted their target price on shares of Everus Construction Group from $68.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 14th. Zacks Research upgraded shares of Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their target price on Everus Construction Group from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.67.

Hedge Funds Weigh In On Everus Construction Group

A number of hedge funds have recently added to or reduced their stakes in ECG. Geneos Wealth Management Inc. raised its stake in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Everus Construction Group by 194.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,162 shares of the company’s stock worth $74,000 after acquiring an additional 768 shares during the period. Militia Capital Partners LP bought a new stake in shares of Everus Construction Group during the 2nd quarter worth approximately $152,000. Massar Capital Management LP acquired a new stake in shares of Everus Construction Group in the 2nd quarter valued at $223,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Everus Construction Group in the 2nd quarter valued at $301,000.

Everus Construction Group Company Profile

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.