Centuri (NYSE:CTRI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Centuri (NYSE:CTRI) posted its quarterly earnings data on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Briefing.com reports. The firm had revenue of $672.08 million for the quarter, compared to analysts’ expectations of $760.55 million. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. Centuri updated its FY 2024 guidance to EPS.

Centuri Stock Up 0.5 %

Centuri stock opened at $15.80 on Tuesday. The stock has a fifty day simple moving average of $23.25. The company has a debt-to-equity ratio of 5.91, a current ratio of 1.39 and a quick ratio of 1.39. Centuri has a 12 month low of $14.73 and a 12 month high of $28.65.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America reiterated an “underperform” rating and set a $21.00 price objective (down previously from $26.00) on shares of Centuri in a research note on Thursday, June 27th. Wells Fargo & Company dropped their price target on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group lowered shares of Centuri from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $17.00 in a research note on Tuesday. KeyCorp initiated coverage on shares of Centuri in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, Baird R W upgraded shares of Centuri to a “strong-buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Centuri has an average rating of “Moderate Buy” and an average target price of $21.80.

About Centuri

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.