Construction Partners - ROAD Stock Forecast, Price & News

5 Wall Street research 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 research analysts is that investors should "buy" ROAD shares.
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5 equities research analysts have issued 12 month price targets for Construction Partners' shares. Their ROAD share price forecasts range from $25.00 to $40.00. On average, they anticipate the company's stock price to reach $31.80 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
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Construction Partners' stock was trading at $29.41 at the beginning of the year. Since then, ROAD shares have decreased by 4.2% and is now trading at $28.18.
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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) announced its quarterly earnings data on Friday, August, 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. The company had revenue of $380.30 million for the quarter, compared to the consensus estimate of $316.77 million. Construction Partners had a net margin of 1.36% and a trailing twelve-month return on equity of 3.87%. The business's quarterly revenue was up 45.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS.

Construction Partners issued an update on its FY 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share (EPS) 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 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 $28.18.

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.48 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.