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

Centuri (NYSE:CTRI - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05, FiscalAI reports. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The company had revenue of $688.69 million during the quarter, compared to analysts' expectations of $618.87 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Centuri's revenue for the quarter was up 31.5% on a year-over-year basis.

Centuri Stock Up 2.8%

Centuri stock opened at $34.53 on Monday. The stock has a fifty day moving average of $31.88 and a 200 day moving average of $27.61. Centuri has a one year low of $17.97 and a one year high of $42.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $3.49 billion, a PE ratio of 101.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.

Hedge Funds Weigh In On Centuri

Large investors have recently made changes to their positions in the business. Invesco Ltd. increased its holdings in Centuri by 35.2% in the 4th quarter. Invesco Ltd. now owns 73,836 shares of the company's stock worth $1,864,000 after buying an additional 19,227 shares during the period. SkyView Investment Advisors LLC acquired a new stake in Centuri during the 4th quarter valued at approximately $253,000. XTX Topco Ltd lifted its stake in Centuri by 229.7% during the 4th quarter. XTX Topco Ltd now owns 126,392 shares of the company's stock valued at $3,191,000 after acquiring an additional 88,061 shares during the period. Symmetry Investments LP purchased a new stake in shares of Centuri in the 4th quarter valued at $1,010,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of Centuri by 27.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 301,013 shares of the company's stock worth $7,601,000 after acquiring an additional 65,207 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Centuri from $26.00 to $29.00 and gave the stock an "underweight" rating in a research report on Friday. Cantor Fitzgerald increased their price target on shares of Centuri from $35.25 to $37.40 and gave the stock an "overweight" rating in a research note on Wednesday, March 25th. Wells Fargo & Company lifted their price target on shares of Centuri from $32.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday. Robert W. Baird set a $41.00 price objective on shares of Centuri in a report on Friday. Finally, Wall Street Zen raised shares of Centuri from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.68.

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.