Sterling Infrastructure (NASDAQ:STRL – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Sterling Infrastructure Stock Performance
NASDAQ:STRL opened at $109.12 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $113.75 and a two-hundred day moving average of $112.78. The stock has a market cap of $3.37 billion, a P/E ratio of 22.69, a PEG ratio of 1.41 and a beta of 1.16. Sterling Infrastructure has a 1-year low of $55.45 and a 1-year high of $137.63.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The business had revenue of $582.82 million for the quarter, compared to analysts’ expectations of $553.70 million. During the same quarter last year, the company posted $1.27 earnings per share. On average, research analysts expect that Sterling Infrastructure will post 5.66 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sterling Infrastructure
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.
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