FY2024 Earnings Forecast for Southland Issued By Sidoti Csr

Southland Holdings, Inc. (NASDAQ:SLND) – Investment analysts at Sidoti Csr issued their FY2024 earnings per share (EPS) estimates for shares of Southland in a report issued on Thursday, November 14th. Sidoti Csr analyst J. Romero expects that the company will post earnings per share of ($2.68) for the year. The consensus estimate for Southland’s current full-year earnings is ($2.68) per share. Sidoti Csr also issued estimates for Southland’s Q4 2024 earnings at ($0.57) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.22) EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.35 EPS.

Southland (NASDAQ:SLND) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($1.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($1.05). Southland had a negative return on equity of 47.71% and a negative net margin of 10.38%. The firm had revenue of $173.32 million for the quarter.

Separately, Craig Hallum decreased their price target on Southland from $9.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

Southland Stock Up 1.3 %

Shares of NASDAQ SLND opened at $3.02 on Monday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.27 and a current ratio of 1.48. Southland has a 52 week low of $1.85 and a 52 week high of $6.16. The stock has a market capitalization of $145.29 million, a P/E ratio of -1.34 and a beta of 0.76. The stock’s fifty day moving average is $3.47 and its 200 day moving average is $4.11.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC boosted its stake in Southland by 62.9% in the first quarter. Kennedy Capital Management LLC now owns 71,781 shares of the company’s stock valued at $370,000 after buying an additional 27,713 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in Southland in the second quarter valued at about $6,813,000. Bank of New York Mellon Corp acquired a new stake in Southland in the second quarter valued at about $99,000. Rhumbline Advisers boosted its stake in Southland by 125.3% in the second quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock valued at $42,000 after buying an additional 5,122 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Southland by 111.8% in the second quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock valued at $147,000 after buying an additional 16,999 shares in the last quarter. Institutional investors own 2.85% of the company’s stock.

Southland Company Profile

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.