Everus Construction Group (NYSE:ECG) Announces Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Everus Construction Group (NYSE:ECGGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.36, FiscalAI reports. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $879.57 million. Everus Construction Group had a net margin of 5.39% and a return on equity of 39.11%. The business’s revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS.

Everus Construction Group Price Performance

Shares of Everus Construction Group stock opened at $131.84 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 33.46 and a beta of 3.84. Everus Construction Group has a 1-year low of $31.38 and a 1-year high of $137.64. The firm’s 50-day moving average price is $93.80 and its two-hundred day moving average price is $88.11.

Institutional Investors Weigh In On Everus Construction Group

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in Everus Construction Group by 105.3% during the 2nd 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. McMillan Office Inc. bought a new stake in shares of Everus Construction Group during the fourth quarter worth $43,000. Tower Research Capital LLC TRC increased its stake in shares of Everus Construction Group by 194.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,162 shares of the company’s stock valued at $74,000 after buying an additional 768 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Everus Construction Group by 54.7% in the third quarter. Larson Financial Group LLC now owns 930 shares of the company’s stock valued at $80,000 after buying an additional 329 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Everus Construction Group during the 3rd quarter worth about $138,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ECG shares. Wall Street Zen cut shares of Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Cantor Fitzgerald started coverage on Everus Construction Group in a report on Friday, January 23rd. They set a “neutral” rating and a $97.00 price objective on the stock. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Stifel Nicolaus reduced their target price on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.75.

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Everus Construction Group Company Profile

(Get Free Report)

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. Everus Construction Group is based in BISMARCK, N.D.

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Earnings History for Everus Construction Group (NYSE:ECG)

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