Everus (NYSE:ECG - Get Free Report)'s stock price fell 8% during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $57.18 and last traded at $62.98. 235,893 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 570,397 shares. The stock had previously closed at $68.42.
The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06).
Analysts Set New Price Targets
ECG has been the topic of several analyst reports. Oppenheimer lifted their price objective on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday. Wolfe Research started coverage on Everus in a research report on Tuesday, December 3rd. They set a "peer perform" rating on the stock. Finally, DA Davidson started coverage on Everus in a research report on Monday, November 4th. They set a "neutral" rating and a $55.00 price target on the stock.
View Our Latest Stock Report on ECG
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. bought a new stake in Everus during the fourth quarter worth about $26,000. Principal Securities Inc. bought a new stake in Everus during the fourth quarter worth $27,000. HighMark Wealth Management LLC bought a new position in shares of Everus in the 4th quarter valued at $28,000. Crews Bank & Trust bought a new position in shares of Everus in the 4th quarter valued at $29,000. Finally, Quarry LP bought a new position in Everus during the 4th quarter worth $36,000.
Everus Trading Down 2.7 %
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The stock has a 50-day simple moving average of $67.94.
Everus Company Profile
(
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Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.
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