Centuri (CTRI) to Release Earnings on Wednesday

Centuri (NYSE:CTRI - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $672.08 million for the quarter, compared to the consensus estimate of $760.55 million. Centuri's revenue for the quarter was down 16.6% on a year-over-year basis. On average, analysts expect Centuri to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Centuri Stock Up 3.1 %

Shares of Centuri stock traded up $0.57 on Wednesday, hitting $18.81. The company had a trading volume of 489,731 shares, compared to its average volume of 507,513. The company has a 50-day simple moving average of $16.96. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.94. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTRI. UBS Group cut Centuri from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $30.00 to $17.00 in a report on Tuesday, July 30th. Wells Fargo & Company lowered their price target on Centuri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. cut shares of Centuri from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $19.00 to $16.00 in a report on Monday, October 7th. Finally, Bank of America dropped their price target on Centuri from $21.00 to $15.00 and set an "underperform" rating on the stock in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.