Sterling Infrastructure (STRL) Set to Announce Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) is scheduled to be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect Sterling Infrastructure to post earnings of $1.43 per share for the quarter. Sterling Infrastructure has set its FY 2024 guidance at 5.000-5.300 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The firm had revenue of $440.36 million during the quarter, compared to analyst estimates of $453.30 million. On average, analysts expect Sterling Infrastructure to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $104.90 on Friday. Sterling Infrastructure has a fifty-two week low of $55.45 and a fifty-two week high of $137.63. The business has a 50 day moving average price of $117.13 and a two-hundred day moving average price of $106.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.24 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday.

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.