Sterling Infrastructure (STRL) Set to Announce Quarterly Earnings on Monday

Sterling Infrastructure (NASDAQ:STRL) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Sterling Infrastructure has set its FY24 guidance at $4.85-5.15 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.30. The business had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. 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

STRL stock opened at $101.15 on Friday. The business has a 50 day moving average price of $105.92 and a 200 day moving average price of $85.89. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.01 and a beta of 1.21. Sterling Infrastructure has a fifty-two week low of $39.30 and a fifty-two week high of $116.36.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 33,214 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total value of $3,610,693.94. Following the completion of the sale, the chief executive officer now directly owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total transaction of $3,610,693.94. Following the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at $75,580,083.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph A. Cutillo sold 40,713 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $111.74, for a total value of $4,549,270.62. Following the completion of the sale, the chief executive officer now directly owns 606,455 shares of the company’s stock, valued at $67,765,281.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,172 shares of company stock valued at $22,019,320. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and set a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.

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.