Sterling Infrastructure (STRL) Set to Announce Quarterly Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Sterling Infrastructure has set its FY24 guidance at $4.85-5.15 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. On average, analysts expect Sterling Infrastructure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded down $0.14 on Monday, reaching $105.75. 322,333 shares of the company's stock were exchanged, compared to its average volume of 360,886. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.06 and a beta of 1.19. Sterling Infrastructure has a fifty-two week low of $35.68 and a fifty-two week high of $116.36. The business's 50-day moving average is $104.17 and its two-hundred day moving average is $85.02. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

Separately, DA Davidson reissued a "neutral" rating and set a $115.00 target price (up from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 4,134 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares of the company's stock, valued at approximately $3,722,798.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Joseph A. Cutillo sold 40,713 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $111.74, for a total value of $4,549,270.62. Following the sale, the chief executive officer now owns 606,455 shares of the company's stock, valued at approximately $67,765,281.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Mark D. Wolf sold 4,134 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total transaction of $439,113.48. Following the completion of the transaction, the general counsel now owns 35,048 shares of the company's stock, valued at approximately $3,722,798.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,172 shares of company stock valued at $22,019,320. Company insiders own 3.80% of the company's stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.