Brokers Set Expectations for ROAD Q1 Earnings

Construction Partners, Inc. (NASDAQ:ROAD - Free Report) - Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Construction Partners in a note issued to investors on Tuesday, November 26th. DA Davidson analyst B. Thielman expects that the company will earn $0.22 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $55.00 target price on the stock. The consensus estimate for Construction Partners' current full-year earnings is $1.91 per share. DA Davidson also issued estimates for Construction Partners' FY2025 earnings at $1.92 EPS and FY2026 earnings at $2.15 EPS.

A number of other equities analysts have also commented on the company. Robert W. Baird lifted their price objective on Construction Partners from $68.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on Construction Partners from $61.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Finally, Raymond James increased their price objective on Construction Partners from $69.00 to $72.00 and gave the company a "strong-buy" rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Construction Partners currently has a consensus rating of "Moderate Buy" and an average price target of $69.00.

Construction Partners Stock Performance

ROAD traded up $1.62 during trading on Thursday, hitting $101.14. The stock had a trading volume of 359,020 shares, compared to its average volume of 365,386. The firm has a market cap of $5.34 billion, a PE ratio of 76.62, a P/E/G ratio of 1.24 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.82. Construction Partners has a 12 month low of $39.79 and a 12 month high of $102.57. The company has a 50 day simple moving average of $80.92 and a 200-day simple moving average of $66.65.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.01). The firm had revenue of $538.16 million during the quarter, compared to the consensus estimate of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 13.15%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS.

Hedge Funds Weigh In On Construction Partners

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Construction Partners by 3.0% during the first quarter. Vanguard Group Inc. now owns 2,415,461 shares of the company's stock valued at $135,628,000 after purchasing an additional 69,223 shares during the period. Ninepoint Partners LP acquired a new stake in Construction Partners during the second quarter worth $954,000. Segall Bryant & Hamill LLC bought a new stake in Construction Partners in the 3rd quarter valued at $10,377,000. Engle Capital Management L.P. acquired a new position in shares of Construction Partners in the 2nd quarter valued at $5,742,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Construction Partners by 47.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,422 shares of the company's stock valued at $14,478,000 after buying an additional 67,150 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.