Sterling Infrastructure - STRL Stock Forecast, Price & News

0 Wall Street analysts have issued 1-year price targets for Sterling Infrastructure's shares. Their STRL share price forecasts range from $34.00 to $34.00. On average, they predict the company's stock price to reach $34.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
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Sterling Infrastructure's stock was trading at $26.30 at the start of the year. Since then, STRL shares have increased by 23.6% and is now trading at $32.50.
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Sterling Infrastructure, Inc. (NASDAQ:STRL) issued its quarterly earnings data on Monday, November, 1st. The construction company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The construction company earned $463.45 million during the quarter, compared to analyst estimates of $407 million. Sterling Infrastructure had a net margin of 4.56% and a trailing twelve-month return on equity of 21.61%. During the same period in the prior year, the company posted $0.55 earnings per share.

Sterling Infrastructure issued an update on its FY 2022 earnings guidance on Monday, November, 7th. The company provided EPS guidance of $3.08-$3.21 for the period, compared to the consensus EPS estimate of $3.04. The company issued revenue guidance of $1.90 billion-$1.92 billion, compared to the consensus revenue estimate of $1.88 billion.

5 employees have rated Sterling Infrastructure Chief Executive Officer Peter E. MacKenna on Glassdoor.com. Peter E. MacKenna has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sterling Infrastructure investors own include Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA), AbbVie (ABBV), Applied Materials (AMAT), Ford Motor (F), Novavax (NVAX), Twitter (TWTR) and Walgreens Boots Alliance (WBA).

Sterling Infrastructure trades on the NASDAQ under the ticker symbol "STRL."

Sterling Infrastructure's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.97%), Vanguard Group Inc. (5.40%), Dimensional Fund Advisors LP (4.65%), Segall Bryant & Hamill LLC (4.17%), Renaissance Technologies LLC (2.99%) and Towle & Co (2.44%). Insiders that own company stock include Joseph A Cutillo, Julie Dill, Raymond F Messer and Roger A Cregg.
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Shares of STRL 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 STRL stock can currently be purchased for approximately $32.50.

Sterling Infrastructure (NASDAQ:STRL) has a market capitalization of $985.73 million and generates $1.58 billion in revenue each year. The construction company earns $62.65 million in net income (profit) each year or $2.84 on an earnings per share basis.

The company employs 2,900 workers across the globe.

Sterling Infrastructure's mailing address is 1800 HUGHES LANDING BOULEVARD, THE WOODLANDS TX, 77380. The official website for the company is www.strlco.com. The construction company can be reached via phone at (281) 214-0800, via email at mary.morley@strlco.com, or via fax at 302-655-5049.