Sterling Infrastructure (NASDAQ:STRL) Issues Earnings Results, Beats Expectations By $0.24 EPS

Sterling Infrastructure (NASDAQ:STRL) announced its quarterly earnings data on Monday. The construction company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.24, Zacks reports. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The firm had revenue of $582.82 million during the quarter, compared to analysts’ expectations of $553.70 million. During the same period in the previous year, the business posted $1.27 EPS.

Sterling Infrastructure Trading Down 2.3 %

Shares of NASDAQ:STRL traded down $2.42 during midday trading on Wednesday, hitting $103.73. The company had a trading volume of 389,556 shares, compared to its average volume of 371,928. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. Sterling Infrastructure has a 12 month low of $55.45 and a 12 month high of $137.63. The firm has a fifty day simple moving average of $116.34 and a 200 day simple moving average of $107.37. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.40 and a beta of 1.19.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

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.