Sterling Infrastructure (NASDAQ:STRL) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) issued its earnings results on Tuesday. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15, Zacks reports. The business had revenue of $498.83 million for the quarter, compared to analyst estimates of $531.25 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. Sterling Infrastructure updated its FY 2025 guidance to 7.900-8.400 EPS.

Sterling Infrastructure Stock Up 3.3 %

Shares of Sterling Infrastructure stock traded up $4.06 during trading hours on Friday, reaching $127.21. The company's stock had a trading volume of 878,758 shares, compared to its average volume of 622,752. Sterling Infrastructure has a one year low of $93.50 and a one year high of $206.07. The company has a market capitalization of $3.91 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.28 and a beta of 1.24. The stock's fifty day simple moving average is $155.22 and its two-hundred day simple moving average is $154.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRL. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday.

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Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company's stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company's stock.

About Sterling Infrastructure

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.