Construction Partners (ROAD) Projected to Post Earnings on Friday

Construction Partners (NASDAQ:ROAD - Get Free Report) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $517.52 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The firm had revenue of $538.16 million during the quarter, compared to analyst estimates of $538.04 million. Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, analysts expect Construction Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Construction Partners Stock Up 0.9 %

Shares of ROAD opened at $80.02 on Friday. The company's 50-day simple moving average is $92.23 and its 200-day simple moving average is $77.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners has a 1 year low of $44.70 and a 1 year high of $103.69. The stock has a market capitalization of $4.47 billion, a PE ratio of 60.62, a P/E/G ratio of 1.14 and a beta of 0.75.

Insider Buying and Selling

In other Construction Partners news, CAO Todd Keith Andrews sold 5,489 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $91.84, for a total transaction of $504,109.76. Following the transaction, the chief accounting officer now owns 17,394 shares of the company's stock, valued at approximately $1,597,464.96. This trade represents a 23.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $94.41, for a total value of $566,460.00. Following the sale, the senior vice president now owns 154,856 shares in the company, valued at $14,619,954.96. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,225 shares of company stock worth $13,904,358. Corporate insiders own 18.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROAD shares. Raymond James decreased their price target on shares of Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 16th. Robert W. Baird boosted their target price on Construction Partners from $68.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, DA Davidson restated a "neutral" rating and set a $95.00 price target on shares of Construction Partners in a report on Thursday. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $83.40.

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.