Sidoti Csr Has Strong Estimate for STRL FY2024 Earnings

Sterling Infrastructure, Inc. (NASDAQ:STRL) – Equities researchers at Sidoti Csr lifted their FY2024 earnings estimates for Sterling Infrastructure in a research note issued to investors on Friday, November 8th. Sidoti Csr analyst J. Romero now anticipates that the construction company will earn $5.99 per share for the year, up from their previous forecast of $5.62. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.96 per share. Sidoti Csr also issued estimates for Sterling Infrastructure’s Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $6.20 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $1.99 EPS, Q3 2026 earnings at $2.07 EPS and FY2026 earnings at $7.07 EPS.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 28.35% and a net margin of 8.77%. During the same quarter in the prior year, the firm posted $1.26 earnings per share.

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

Sterling Infrastructure Stock Up 0.6 %

Shares of NASDAQ STRL opened at $194.70 on Monday. Sterling Infrastructure has a 52-week low of $62.13 and a 52-week high of $201.27. The stock has a market cap of $5.98 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50 day moving average price of $145.40 and a 200 day moving average price of $126.62.

Insider Buying and Selling at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STRL. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth $30,000. Huntington National Bank raised its position in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.