Construction Partners - ROAD Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ROAD shares.
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5 Wall Street research analysts have issued 1-year target prices for Construction Partners' stock. Their ROAD share price forecasts range from $25.00 to $40.00. On average, they expect the company's share price to reach $31.80 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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Construction Partners' stock was trading at $29.41 at the start of the year. Since then, ROAD stock has decreased by 11.2% and is now trading at $26.12.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Construction Partners, Inc. (NASDAQ:ROAD) released its earnings results on Friday, August, 5th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. The company earned $380.30 million during the quarter, compared to analysts' expectations of $316.77 million. Construction Partners had a trailing twelve-month return on equity of 3.87% and a net margin of 1.36%. The company's revenue was up 45.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share.

Construction Partners issued an update on its FY 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.25 billion-$1.28 billion, compared to the consensus revenue estimate of $1.18 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), Raytheon Technologies (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."

Construction Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (10.14%), Kayne Anderson Rudnick Investment Management LLC (8.83%), Geneva Capital Management LLC (4.36%), FMR LLC (1.98%), Royce & Associates LP (1.88%) and State Street Corp (1.43%). Insiders that own company stock include Charles E Owens, Cpi Expansion Fund Gp L Suntx, John L Harper, Noreen E Skelly, Robert P Flowers, Royce Alan Palmer, Stefan L Shaffer, Suntx Capital Management Corp and Todd Keith Andrews.
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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 $26.12.

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.37 billion and generates $910.74 million in revenue each year. The company earns $20.18 million in net income (profit) each year or $0.31 on an earnings per share basis.

The company employs 2,960 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.