Centuri (NYSE:CTRI) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Centuri reported Q earnings of ($0.02) EPS, beating the consensus by $0.05, and generated revenue of $688.69 million, up 31.5% year-over-year.
• Despite the beat, shares fell sharply to $33.53 (down $8.27) on heavy trading (~5.15M shares vs. a 1.22M average), and the stock trades at a market cap of about $3.38B with a P/E near 98.6.
• Analyst views are mixed—two Buys, one Hold and two Sells—with a consensus rating of Hold and an average target of $28.85 while individual targets range from Wells Fargo’s $32 to Cantor Fitzgerald’s $37.40.

Centuri (NYSE:CTRI - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05, FiscalAI reports. The company had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. Centuri had a return on equity of 6.03% and a net margin of 0.98%.The firm's quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share.

Centuri Price Performance

CTRI stock traded down $8.27 during mid-day trading on Thursday, hitting $33.53. 5,148,391 shares of the stock were exchanged, compared to its average volume of 1,220,765. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The business has a fifty day moving average price of $31.88 and a 200 day moving average price of $27.61. Centuri has a 12 month low of $17.97 and a 12 month high of $42.99. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 98.61, a PEG ratio of 1.74 and a beta of 1.34.

Institutional Investors Weigh In On Centuri

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company's stock worth $40,000 after purchasing an additional 1,874 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company's stock worth $124,000 after purchasing an additional 3,037 shares during the last quarter. Inspire Advisors LLC bought a new stake in Centuri during the fourth quarter worth about $220,000. SkyView Investment Advisors LLC bought a new stake in Centuri during the fourth quarter worth about $253,000. Finally, Ieq Capital LLC bought a new stake in Centuri during the fourth quarter worth about $256,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CTRI shares. Cantor Fitzgerald lifted their price objective on Centuri from $35.25 to $37.40 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Weiss Ratings reissued a "sell (d+)" rating on shares of Centuri in a research note on Friday, March 27th. Finally, Wells Fargo & Company dropped their price objective on Centuri from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Centuri presently has a consensus rating of "Hold" and an average target price of $28.85.

About Centuri

Centuri Construction Group, Inc NYSE: CTRI is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.

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