Construction Partners (ROAD) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ROAD shares.
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3 equities research analysts have issued twelve-month target prices for Construction Partners' stock. Their ROAD share price forecasts range from $34.00 to $38.00. On average, they anticipate the company's share price to reach $36.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
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Construction Partners' stock was trading at $26.69 at the start of the year. Since then, ROAD shares have increased by 36.1% and is now trading at $36.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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Construction Partners, Inc. (NASDAQ:ROAD) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.09. The firm earned $421.90 million during the quarter, compared to analyst estimates of $430.77 million. Construction Partners had a net margin of 2.11% and a trailing twelve-month return on equity of 6.75%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS.

First Trust RBA American Industrial Renaissance ETF holds 388,850 shares of ROAD stock, representing 2.85% of its portfolio.

Construction Partners issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.53 billion-$1.55 billion, compared to the consensus revenue estimate of $1.56 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Construction Partners investors own include Alibaba Group (BABA), Intel (INTC), General Electric (GE), AbbVie (ABBV), CVS Health (CVS), RTX (RTX), Verizon Communications (VZ), Altria Group (MO), NVIDIA (NVDA) and Pfizer (PFE).

(ROAD) raised $181 million in an initial public offering (IPO) on Friday, May 4th 2018. The company issued 11,300,000 shares at a price of $15.00-$17.00 per share. Baird, Raymond James and Stephens served as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.

Construction Partners trades on the NASDAQ under the ticker symbol "ROAD."

Shares of ROAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ROAD stock can currently be purchased for approximately $36.32.

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.92 billion and generates $1.30 billion in revenue each year. The company earns $21.38 million in net income (profit) each year or $0.59 on an earnings per share basis.

The company employs 3,790 workers across the globe.

Construction Partners' mailing address is 290 HEALTHWEST DR. SUITE 2, DOTHAN AL, 36303. The official website for the company is www.constructionpartners.net. The company can be reached via phone at (334) 673-9763 or via email at road@dennardlascar.com.