Construction Partners - ROAD Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Construction Partners in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ROAD shares.
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4 brokerages have issued 12-month price targets for Construction Partners' shares. Their ROAD share price forecasts range from $28.00 to $37.00. On average, they predict the company's share price to reach $32.50 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
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Construction Partners' stock was trading at $26.69 at the beginning of 2023. Since then, ROAD stock has increased by 1.9% and is now trading at $27.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Construction Partners will be holding an earnings conference call on Friday, February 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735453".

Construction Partners, Inc. (NASDAQ:ROAD) announced its quarterly earnings data on Tuesday, November, 22nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $393.05 million for the quarter, compared to analysts' expectations of $363.09 million. Construction Partners had a trailing twelve-month return on equity of 4.97% and a net margin of 1.64%.

Construction Partners updated its FY 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.55 billion, compared to the consensus revenue estimate of $1.46 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 $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 trades on the NASDAQ under the ticker symbol "ROAD."

Construction Partners' stock is owned by many different retail and institutional investors. Top institutional investors include Comerica Bank (0.78%), Allspring Global Investments Holdings LLC (0.39%), Oak Ridge Investments LLC (0.22%), R.P. Boggs & Co. (0.13%), Trust Co. of Oklahoma (0.02%) and Stephens Inc. AR (0.02%). Insiders that own company stock include Charles E Owens, 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 $27.19.

Construction Partners (NASDAQ:ROAD) has a market capitalization of $1.43 billion and generates $1.30 billion in revenue each year. The company earns $21.38 million in net income (profit) each year or $0.41 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.