Construction Partners (NASDAQ:ROAD) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Construction Partners (NASDAQ:ROAD - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.12, Zacks reports. The company had revenue of $571.65 million for the quarter, compared to analysts' expectations of $559.61 million. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The firm's revenue for the quarter was up 53.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. Construction Partners updated its FY 2025 guidance to EPS.

Construction Partners Stock Up 3.5 %

Shares of NASDAQ ROAD traded up $3.28 during midday trading on Friday, reaching $95.75. 549,649 shares of the company's stock traded hands, compared to its average volume of 441,645. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 89.49, a P/E/G ratio of 0.99 and a beta of 0.87. The stock's 50 day simple moving average is $77.05 and its 200-day simple moving average is $83.72. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46. Construction Partners has a one year low of $51.63 and a one year high of $103.69.

Insiders Place Their Bets

In related news, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $73.83 per share, for a total transaction of $689,055.39. Following the completion of the purchase, the chief executive officer now owns 9,333 shares of the company's stock, valued at approximately $689,055.39. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John L. Harper sold 6,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now owns 159,389 shares of the company's stock, valued at $11,767,689.87. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 16.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROAD shares. Raymond James reduced their target price on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird boosted their price target on Construction Partners from $100.00 to $102.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of Construction Partners in a report on Thursday, January 30th.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.

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