Sterling Infrastructure (STRL) Scheduled to Post Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Sterling Infrastructure to post earnings of $0.82 per share for the quarter. Sterling Infrastructure has set its FY24 guidance at $4.85-5.15 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to analysts’ expectations of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. On average, analysts expect Sterling Infrastructure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Stock Up 3.6 %

Sterling Infrastructure stock opened at $105.89 on Monday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.06 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $104.17 and its two-hundred day moving average price is $85.02. Sterling Infrastructure has a 52 week low of $35.68 and a 52 week high of $116.36.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and set a $115.00 target price (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

Insider Transactions at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total value of $3,610,693.94. Following the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total value of $3,610,693.94. Following the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 40,713 shares of Sterling Infrastructure stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $111.74, for a total transaction of $4,549,270.62. Following the completion of the transaction, the chief executive officer now directly owns 606,455 shares in the company, valued at approximately $67,765,281.70. The disclosure for this sale can be found here. Insiders have sold 198,172 shares of company stock valued at $22,019,320 in the last quarter. Insiders own 3.80% of the company’s stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.