DA Davidson Expects Lower Earnings for Construction Partners

Key Points

• DA Davidson analysts have revised their FY2025 EPS estimates for Construction Partners down to $1.84, compared to a previous estimate of $1.99, maintaining a "Neutral" rating with a price target of $120.00.
• Construction Partners missed earnings estimates with $0.81 EPS reported for the last quarter, falling short of the $0.87 expected, despite a 50.5% year-over-year revenue increase.
• The stock currently has a consensus rating of "Buy" among analysts, with a consensus price target of $125.67.

Construction Partners, Inc. (NASDAQ:ROAD - Free Report) - Analysts at DA Davidson cut their FY2025 EPS estimates for Construction Partners in a research report issued on Thursday, October 23rd. DA Davidson analyst B. Thielman now forecasts that the company will earn $1.84 per share for the year, down from their previous forecast of $1.99. DA Davidson has a "Neutral" rating and a $120.00 price objective on the stock. The consensus estimate for Construction Partners' current full-year earnings is $1.96 per share. DA Davidson also issued estimates for Construction Partners' Q4 2025 earnings at $1.01 EPS.

A number of other equities analysts have also commented on ROAD. Robert W. Baird set a $122.00 price objective on shares of Construction Partners and gave the company an "outperform" rating in a research report on Friday, August 8th. Baird R W upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating and issued a $135.00 price objective (up from $120.00) on shares of Construction Partners in a research report on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of Construction Partners in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Construction Partners from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Construction Partners currently has a consensus rating of "Buy" and a consensus price target of $125.67.

Construction Partners Price Performance

ROAD stock opened at $116.01 on Friday. The firm has a 50 day moving average of $122.28 and a 200-day moving average of $106.57. The company has a current ratio of 1.47, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. Construction Partners has a 12 month low of $64.79 and a 12 month high of $138.90. The firm has a market capitalization of $6.51 billion, a P/E ratio of 84.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

Construction Partners (NASDAQ:ROAD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Construction Partners had a net margin of 3.04% and a return on equity of 12.24%. The company had revenue of $779.28 million for the quarter, compared to the consensus estimate of $810.47 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company's quarterly revenue was up 50.5% on a year-over-year basis. Construction Partners has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Construction Partners

Several institutional investors have recently added to or reduced their stakes in ROAD. Handelsbanken Fonder AB grew its holdings in Construction Partners by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 12,000 shares of the company's stock worth $1,275,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Construction Partners by 2.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,794 shares of the company's stock worth $510,000 after purchasing an additional 118 shares during the period. Manchester Capital Management LLC grew its stake in shares of Construction Partners by 9.2% in the first quarter. Manchester Capital Management LLC now owns 1,461 shares of the company's stock worth $105,000 after purchasing an additional 123 shares during the last quarter. GAMMA Investing LLC increased its holdings in Construction Partners by 10.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,288 shares of the company's stock valued at $164,000 after purchasing an additional 124 shares during the period. Finally, Byrne Asset Management LLC raised its position in Construction Partners by 41.7% during the 3rd quarter. Byrne Asset Management LLC now owns 425 shares of the company's stock valued at $54,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Construction Partners Company Profile

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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