Sterling Infrastructure - STRL Stock Forecast, Price & News

0 brokers have issued twelve-month price objectives for Sterling Infrastructure's shares. Their STRL share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
View analysts price targets for STRL or view top-rated stocks among Wall Street analysts.

Sterling Infrastructure's stock was trading at $32.80 at the start of the year. Since then, STRL shares have increased by 15.9% and is now trading at $38.03.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Sterling Infrastructure, Inc. (NASDAQ:STRL) announced its earnings results on Monday, November, 1st. The construction company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The construction company had revenue of $463.45 million for the quarter, compared to the consensus estimate of $407 million. Sterling Infrastructure had a trailing twelve-month return on equity of 22.31% and a net margin of 5.53%. During the same period last year, the firm posted $0.55 EPS.

ETFs with the largest weight of Sterling Infrastructure (NASDAQ:STRL) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Changebridge Capital Sustainable Equity ETF (CBSE), Changebridge Capital Long/Short Equity ETF (CBLS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares U.S. Infrastructure ETF (IFRA), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco DWA SmallCap Momentum ETF (DWAS).

Sterling Infrastructure issued an update on its FY 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share guidance of $3.33-$3.53 for the period, compared to the consensus estimate of $3.45. The company issued revenue guidance of $1.90 billion-$2.00 billion, compared to the consensus revenue estimate of $1.95 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 variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.96%), Renaissance Technologies LLC (2.88%), Geode Capital Management LLC (1.82%), Phocas Financial Corp. (1.50%), Millennium Management LLC (1.43%) and Mirae Asset Global Investments Co. Ltd. (1.40%). Insiders that own company stock include Joseph A Cutillo, Julie Dill, Mark D Wolf 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 $38.03.

Sterling Infrastructure (NASDAQ:STRL) has a market capitalization of $1.17 billion and generates $1.77 billion in revenue each year. The construction company earns $106.46 million in net income (profit) each year or $3.50 on an earnings per share basis.

The company employs 3,200 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) 214-0777, via email at mary.morley@strlco.com, or via fax at 302-655-5049.