Media coverage about Sterling Construction (NASDAQ:STRL) has been trending positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sterling Construction earned a news sentiment score of 0.30 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 45.0735045612759 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
STRL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub lowered Sterling Construction from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, TheStreet raised Sterling Construction from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.
Shares of Sterling Construction (NASDAQ STRL) traded up $1.13 during trading hours on Friday, hitting $15.82. The stock had a trading volume of 458,800 shares, compared to its average volume of 372,500. Sterling Construction has a one year low of $7.75 and a one year high of $18.90. The firm has a market cap of $444.72, a price-to-earnings ratio of 307.86, a PEG ratio of 1.43 and a beta of 0.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.44 and a quick ratio of 1.42.
Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Sterling Construction had a return on equity of 3.90% and a net margin of 0.25%. The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $263.69 million. During the same quarter last year, the firm earned $0.10 EPS. Sterling Construction’s revenue for the quarter was up 48.0% compared to the same quarter last year. equities research analysts anticipate that Sterling Construction will post 0.44 EPS for the current fiscal year.
In related news, Director Maarten D. Hemsley sold 29,800 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.32, for a total transaction of $516,136.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.
About Sterling Construction
Sterling Construction Company, Inc is a heavy civil construction company engaged in the building and reconstruction of transportation and water infrastructure projects in Texas, Utah, Nevada, Arizona, California, Hawaii and other states. The Company’s transportation infrastructure projects include highways, roads, bridges, airfields, ports and light rail.
Receive News & Ratings for Sterling Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Construction and related companies with MarketBeat.com's FREE daily email newsletter.