FY2024 Earnings Estimate for Southland Issued By Sidoti Csr

Southland Holdings, Inc. (NASDAQ:SLND - Free Report) - Stock analysts at Sidoti Csr issued their FY2024 earnings per share estimates for Southland in a report released on Thursday, November 14th. Sidoti Csr analyst J. Romero forecasts that the company will earn ($2.68) per share for the year. The consensus estimate for Southland's current full-year earnings is ($2.68) per share. Sidoti Csr also issued estimates for Southland's Q4 2024 earnings at ($0.57) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.22) EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.35 EPS.

Southland (NASDAQ:SLND - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($1.05). The company had revenue of $173.32 million during the quarter. Southland had a negative net margin of 10.38% and a negative return on equity of 47.71%.

Separately, Craig Hallum lowered their target price on Southland from $9.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday.

Southland Stock Performance

Shares of NASDAQ:SLND traded up $0.04 during trading hours on Monday, hitting $3.02. The stock had a trading volume of 15,079 shares, compared to its average volume of 43,864. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.27 and a current ratio of 1.48. The stock's fifty day simple moving average is $3.47 and its 200 day simple moving average is $4.11. The firm has a market capitalization of $145.29 million, a price-to-earnings ratio of -1.34 and a beta of 0.76. Southland has a 1-year low of $1.85 and a 1-year high of $6.16.

Institutional Investors Weigh In On Southland

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in Southland by 125.3% during the 2nd quarter. Rhumbline Advisers now owns 9,209 shares of the company's stock worth $42,000 after buying an additional 5,122 shares during the period. Barclays PLC raised its holdings in shares of Southland by 214.0% during the third quarter. Barclays PLC now owns 13,623 shares of the company's stock valued at $50,000 after acquiring an additional 9,284 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in Southland in the 3rd quarter worth approximately $72,000. Bank of New York Mellon Corp acquired a new position in Southland in the 2nd quarter worth approximately $99,000. Finally, Renaissance Technologies LLC grew its position in Southland by 111.8% during the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company's stock worth $147,000 after purchasing an additional 16,999 shares in the last quarter. 2.85% of the stock is owned by hedge funds and other institutional investors.

About Southland

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.