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

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

Construction Partners Inc (NASDAQ:ROAD) released its earnings results on Friday, February, 7th. The company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates 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%. Construction Partners's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. View Construction Partners' Earnings History.

Construction Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for Construction Partners.

Construction Partners updated 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 Wall Street analysts have issued 12 month target prices for Construction Partners' stock. Their forecasts range from $16.50 to $20.00. On average, they expect Construction Partners' stock price to reach $19.13 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for Construction Partners.

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.

Press coverage about ROAD stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Construction Partners earned a daily sentiment score of -1.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Construction Partners.

Construction Partners saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,430,000 shares, an increase of 41.6% from the December 31st total of 1,010,000 shares. Based on an average daily trading volume, of 245,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 7.7% of the company's shares are sold short. View Construction Partners' Current Options Chain.

Some companies that are related to Construction Partners include 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), General Electric (GE), NVIDIA (NVDA), CVS Health (CVS), Walt Disney (DIS), Verizon Communications (VZ), Home Depot (HD), Procter & Gamble (PG), Broadcom (AVGO) and AbbVie (ABBV).

(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 acted as the underwriters for the IPO and Imperial Capital and D.A. Davidson were co-managers.

Construction Partners' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include SunTx Capital Management Corp. (26.02%), Conestoga Capital Advisors LLC (4.13%), Massachusetts Financial Services Co. MA (2.54%), FMR LLC (1.91%), Royce & Associates LP (1.82%) and Janus Henderson Group PLC (1.77%). Company insiders that own Construction Partners stock include Cpi Expansion Fund Gp L Suntx, John L Harper, Ned N Fleming III, Royce Alan Palmer and Todd Keith Andrews. View Institutional Ownership Trends for Construction Partners.

ROAD stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Renaissance Technologies LLC, Summit Creek Advisors LLC, Cadence Capital Management LLC, Goldman Sachs Group Inc., Natixis Advisors L.P., Bank of America Corp DE and Anchor Capital Advisors LLC. Company insiders that have sold Construction Partners company stock in the last year include Cpi Expansion Fund Gp L Suntx and Todd Keith Andrews. View Insider Buying and Selling for Construction Partners.

ROAD stock was acquired by a variety of institutional investors in the last quarter, including SunTx Capital Management Corp., FMR LLC, Janus Henderson Group PLC, Madison Asset Management LLC, THB Asset Management, KAMES CAPITAL plc, Rice Hall James & Associates LLC and Royce & Associates LP. Company insiders that have bought Construction Partners stock in the last two years include John L Harper, Ned N Fleming III and Royce Alan Palmer. View Insider Buying and Selling for Construction Partners.

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 $17.59.

Construction Partners has a market capitalization of $910.83 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]