Construction Partners (ROAD) to Release Earnings on Friday

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

Construction Partners (NASDAQ:ROAD) last issued its quarterly 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 analysts’ expectations of $538.04 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. 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 Down 1.3 %

NASDAQ ROAD opened at $80.92 on Thursday. The firm’s 50 day moving average price is $90.65 and its two-hundred day moving average price is $78.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners has a twelve month low of $44.77 and a twelve month high of $103.69. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 0.99 and a beta of 0.74.

Insider Buying and Selling at Construction Partners

In other Construction Partners news, Director Charles E. Owens sold 46,596 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $101.33, for a total transaction of $4,721,572.68. Following the transaction, the director now directly owns 203,404 shares of the company’s stock, valued at $20,610,927.32. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Todd Keith Andrews sold 5,489 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $91.84, for a total value of $504,109.76. Following the completion of the sale, the chief accounting officer now directly owns 17,394 shares of the company’s stock, valued at $1,597,464.96. This represents a 23.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,225 shares of company stock worth $13,904,358 over the last 90 days. 16.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ROAD has been the topic of several recent analyst reports. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday, January 30th. Robert W. Baird lifted their target price 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 reduced their price target on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Construction Partners has a consensus rating of “Moderate Buy” and a consensus target price of $83.40.

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.