DA Davidson Research Analysts Lift Earnings Estimates for Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sterling Infrastructure, Inc. (NASDAQ:STRL) – Stock analysts at DA Davidson upped their Q3 2024 EPS estimates for Sterling Infrastructure in a research note issued on Thursday, August 8th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $1.75 per share for the quarter, up from their prior estimate of $1.60. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.25 per share. DA Davidson also issued estimates for Sterling Infrastructure’s FY2024 earnings at $5.69 EPS and FY2025 earnings at $6.02 EPS.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. The business had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. During the same period in the prior year, the business posted $1.27 earnings per share.

Separately, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Sterling Infrastructure Trading Down 3.1 %

Shares of STRL stock opened at $104.56 on Friday. Sterling Infrastructure has a 1-year low of $55.45 and a 1-year high of $137.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.40 and a beta of 1.19. The stock has a 50-day moving average of $115.31 and a 200-day moving average of $107.55.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. bought a new position in Sterling Infrastructure during the second quarter worth $30,000. Nisa Investment Advisors LLC boosted its position in shares of Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the period. Family Firm Inc. bought a new stake in Sterling Infrastructure in the 2nd quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC acquired a new position in Sterling Infrastructure during the 2nd quarter worth approximately $40,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Company Profile

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.