Sterling Infrastructure (STRL) Scheduled to Post Quarterly Earnings on Wednesday

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Sterling Infrastructure to post earnings of $1.68 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The company had revenue of $582.82 million for the quarter, compared to analysts' expectations of $553.70 million. During the same period in the prior year, the company posted $1.27 EPS. On average, analysts expect Sterling Infrastructure to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded down $2.66 during mid-day trading on Wednesday, reaching $153.47. The company's stock had a trading volume of 250,141 shares, compared to its average volume of 349,308. The company has a market capitalization of $4.74 billion, a P/E ratio of 32.46, a PEG ratio of 1.89 and a beta of 1.17. The firm's fifty day moving average price is $137.88 and its two-hundred day moving average price is $122.96. Sterling Infrastructure has a 12-month low of $55.45 and a 12-month high of $170.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Sunday, September 15th.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now owns 248,471 shares of the company's stock, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is currently owned by insiders.

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.