Centuri (NYSE:CTRI) Announces Earnings Results

Centuri (NYSE:CTRI) posted its quarterly earnings results on Monday. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Briefing.com reports. The company had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The business’s quarterly revenue was down 16.6% on a year-over-year basis. Centuri updated its FY 2024 guidance to EPS.

Centuri Price Performance

NYSE CTRI opened at $15.76 on Wednesday. Centuri has a 12 month low of $14.73 and a 12 month high of $28.65. The business has a 50 day simple moving average of $23.02. The company has a debt-to-equity ratio of 5.91, a quick ratio of 1.39 and a current ratio of 1.39.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CTRI shares. Robert W. Baird initiated coverage on shares of Centuri in a report on Monday, May 13th. They issued an “outperform” rating and a $30.00 price objective for the company. KeyCorp assumed coverage on shares of Centuri in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Centuri from $28.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group downgraded shares of Centuri from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $17.00 in a report on Tuesday. Finally, Williams Capital raised shares of Centuri to a “strong-buy” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.