NASDAQ:ROAD - Construction Partners Stock Price, Forecast & News

Construction Partners' stock was trading at $14.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ROAD stock has increased by 7.9% and is now trading at $15.35. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Construction Partners.

Construction Partners is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Construction Partners.

Construction Partners Inc (NASDAQ:ROAD) released its quarterly earnings results on Friday, February, 7th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.11. The company earned $175.30 million during the quarter, compared to analyst estimates of $172.30 million. Construction Partners had a return on equity of 13.08% and a net margin of 5.40%. The company's revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. View Construction Partners' earnings history.

Construction Partners issued an update on its FY 2020 Pre-Market earnings guidance on Friday, February, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $830-870 million, compared to the consensus revenue estimate of $848.47 million.

5 equities research analysts have issued twelve-month price targets for Construction Partners' stock. Their forecasts range from $18.00 to $20.00. On average, they expect Construction Partners' stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price. View analysts' price targets for Construction Partners.

Headlines about ROAD stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Construction Partners earned a news impact score of -3.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutConstruction Partners.

Construction Partners saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,670,000 shares, an increase of 21.0% from the February 13th total of 1,380,000 shares. Based on an average daily volume of 280,900 shares, the days-to-cover ratio is currently 5.9 days. Currently, 14.0% of the company's stock are sold short. View Construction Partners' Current Options Chain.

Some companies that are related to Construction Partners include KBR (KBR), Fluor Co. (NEW) (FLR), Granite Construction (GVA), Great Lakes Dredge & Dock (GLDD), Grana y Montero SAA (GRAM), Sterling Construction (STRL), Orion Group (ORN), Williams Industrial Services Group (WLMS) and Empresas ICA SAB de CV (ICAYY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Construction Partners investors own include Alibaba Group (BABA), Altria Group (MO), Intel (INTC), Walmart (WMT), General Electric (GE), Cisco Systems (CSCO), AbbVie (ABBV), Johnson & Johnson (JNJ), Pfizer (PFE) and Raytheon (RTN).

(ROAD) raised $181 million in an initial public offering (IPO) on Friday, May 4th 2018. The company issued 11,300,000 shares at $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 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ROAD stock can currently be purchased for approximately $15.35.

Construction Partners has a market capitalization of $794.82 million and generates $783.24 million in revenue each year. The company earns $43.12 million in net income (profit) each year or $0.84 on an earnings per share basis. Construction Partners employs 572 workers across the globe. View additional information about Construction Partners.

The official website for Construction Partners is http://www.constructionpartners.net/.

Construction Partners' mailing address is 290 HEALTHWEST DR. SUITE 2, DOTHAN AL, 36303. The company can be reached via phone at 334-673-9763 or via email at [email protected]