Everus Construction Group (NYSE:ECG) Issues Earnings Results, Beats Estimates By $0.42 EPS

Key Points

• Everus Construction Group reported a quarterly earnings per share (EPS) of $1.03, exceeding the consensus estimate of $0.65 by $0.38.
• The company has updated its fiscal year 2025 guidance, indicating potential growth and investor confidence.
• Analyst price targets for Everus Construction Group have been raised, with Stifel Nicolaus setting a new target of $83.00 from $71.00, reflecting positive sentiment in the market.

Everus Construction Group (NYSE:ECG - Get Free Report) released its earnings results on Tuesday. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.42, Zacks reports. Everus Construction Group had a return on equity of 33.27% and a net margin of 4.98%. The business had revenue of $921.47 million for the quarter, compared to analysts' expectations of $749.12 million. The business's quarterly revenue was up 31.0% on a year-over-year basis. Everus Construction Group updated its FY 2025 guidance to EPS.

Everus Construction Group Stock Performance

Shares of ECG opened at $76.06 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.69. The firm has a 50 day moving average of $66.23 and a 200 day moving average of $53.87. Everus Construction Group has a twelve month low of $31.38 and a twelve month high of $77.93.

Analysts Set New Price Targets

ECG has been the subject of several analyst reports. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. DA Davidson increased their target price on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus increased their target price on shares of Everus Construction Group from $71.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Oppenheimer increased their target price on shares of Everus Construction Group from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.67.

Institutional Investors Weigh In On Everus Construction Group

A number of large investors have recently added to or reduced their stakes in ECG. Goldman Sachs Group Inc. grew its position in Everus Construction Group by 74.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,790 shares of the company's stock worth $6,631,000 after purchasing an additional 76,252 shares during the period. Millennium Management LLC boosted its stake in shares of Everus Construction Group by 42.7% during the 1st quarter. Millennium Management LLC now owns 244,421 shares of the company's stock worth $9,066,000 after acquiring an additional 73,128 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Everus Construction Group by 184.4% during the 1st quarter. Jane Street Group LLC now owns 71,323 shares of the company's stock worth $2,645,000 after acquiring an additional 46,247 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Everus Construction Group by 33.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,397 shares of the company's stock worth $5,207,000 after acquiring an additional 34,868 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Everus Construction Group by 155.0% during the 1st quarter. Royal Bank of Canada now owns 48,839 shares of the company's stock worth $1,811,000 after acquiring an additional 29,689 shares during the last quarter.

Everus Construction Group Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.