Construction Partners (NASDAQ:ROAD) announced its quarterly earnings data on Monday. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04), Bloomberg Earnings reports.
Shares of ROAD opened at $11.50 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.99 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $589.48 million and a PE ratio of 13.37. Construction Partners has a 52-week low of $7.70 and a 52-week high of $14.06.
A number of equities analysts have commented on ROAD shares. Zacks Investment Research upgraded shares of Construction Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, October 17th. Imperial Capital set a $14.00 price objective on shares of Construction Partners and gave the stock a “buy” rating in a research report on Monday, December 10th. DA Davidson set a $15.00 price target on shares of Construction Partners and gave the company a “buy” rating in a report on Friday, November 23rd. ValuEngine downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Raymond James cut their price target on shares of Construction Partners from $15.00 to $13.00 and set a “strong-buy” rating for the company in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. Construction Partners presently has an average rating of “Buy” and a consensus target price of $14.00.
In related news, insider John L. Harper purchased 9,000 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $8.41 per share, for a total transaction of $75,690.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ned N. Fleming III purchased 4,000 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was bought at an average price of $8.47 per share, with a total value of $33,880.00. The disclosure for this purchase can be found here. Insiders bought a total of 14,500 shares of company stock valued at $122,605 in the last quarter. Insiders own 74.79% of the company’s stock.
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Construction Partners Company Profile
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.
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