Construction Partners (ROAD) Projected to Post Earnings on Friday

Construction Partners (NASDAQ:ROAD) is expected to be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Construction Partners to post earnings of $0.14 per share and revenue of $517.52 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Construction Partners (NASDAQ:ROAD) last released its earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Construction Partners had a net margin of 3.78% and a return on equity of 12.90%. The firm had revenue of $538.16 million during the quarter, compared to analyst estimates of $538.04 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts expect Construction Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Construction Partners Trading Up 2.7 %

Shares of ROAD opened at $81.95 on Wednesday. The stock’s fifty day simple moving average is $91.06 and its 200-day simple moving average is $78.55. The firm has a market capitalization of $4.58 billion, a PE ratio of 62.08, a price-to-earnings-growth ratio of 0.99 and a beta of 0.74. Construction Partners has a 12-month low of $44.77 and a 12-month high of $103.69. The company has a quick ratio of 1.26, a current ratio of 1.54 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

ROAD has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Robert W. Baird increased their price target on Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Raymond James decreased their price objective on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.40.

Insider Transactions at Construction Partners

In related news, Director Suntx Capital Ii Management Co sold 12,731 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $99.78, for a total transaction of $1,270,299.18. Following the sale, the director now directly owns 17,000 shares in the company, valued at $1,696,260. This trade represents a 42.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles E. Owens sold 46,596 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $101.33, for a total transaction of $4,721,572.68. Following the completion of the transaction, the director now directly owns 203,404 shares of the company’s stock, valued at approximately $20,610,927.32. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,225 shares of company stock valued at $13,904,358 over the last three months. 16.36% of the stock is currently owned by corporate insiders.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.