Everus Construction Group (NYSE:ECG) Issues Quarterly Earnings Results

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 quarterly earnings data on Tuesday. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.42, Zacks reports. The business had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%. The company's quarterly revenue was up 31.0% compared to the same quarter last year. Everus Construction Group updated its FY 2025 guidance to EPS.

Everus Construction Group Stock Performance

NYSE:ECG traded up $0.24 during mid-day trading on Friday, hitting $75.55. 694,088 shares of the stock were exchanged, compared to its average volume of 695,847. The stock has a market capitalization of $3.85 billion and a price-to-earnings ratio of 23.32. The firm's 50-day simple moving average is $67.20 and its 200 day simple moving average is $54.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group has a fifty-two week low of $31.38 and a fifty-two week high of $90.00.

Institutional Trading of Everus Construction Group

Hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in Everus Construction Group during the 2nd quarter worth approximately $1,364,000. Captrust Financial Advisors raised its holdings in Everus Construction Group by 38.5% in the 2nd quarter. Captrust Financial Advisors now owns 18,109 shares of the company's stock valued at $1,150,000 after acquiring an additional 5,034 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Everus Construction Group by 32.1% in the 2nd quarter. Raymond James Financial Inc. now owns 14,880 shares of the company's stock valued at $945,000 after acquiring an additional 3,617 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Everus Construction Group by 4.2% in the 2nd quarter. Lazard Asset Management LLC now owns 14,737 shares of the company's stock valued at $935,000 after acquiring an additional 598 shares in the last quarter. Finally, Ilex Capital Partners UK LLP acquired a new position in Everus Construction Group in the 2nd quarter valued at $626,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ECG shares. Wall Street Zen upgraded Everus Construction Group from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson set a $88.00 price target on Everus Construction Group and gave the company a "neutral" rating in a research note on Thursday. Oppenheimer raised their price target on Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus raised their price objective on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.33.

About Everus Construction Group

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.