DA Davidson Equities Analysts Boost Earnings Estimates for Sterling Construction Company Inc (STRL)

Sterling Construction Company Inc (NASDAQ:STRL) – Stock analysts at DA Davidson increased their FY2017 earnings per share (EPS) estimates for Sterling Construction in a note issued to investors on Thursday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.37. DA Davidson has a “Buy” rating and a $15.00 price target on the stock.

Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.17. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The business had revenue of $264.40 million during the quarter, compared to the consensus estimate of $231.42 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Sterling Construction’s revenue was up 39.5% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “DA Davidson Equities Analysts Boost Earnings Estimates for Sterling Construction Company Inc (STRL)” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.baseball-news-blog.com/2017/08/19/da-davidson-equities-analysts-boost-earnings-estimates-for-sterling-construction-company-inc-strl-updated.html.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Canaccord Genuity lifted their price objective on Sterling Construction from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Sterling Construction from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, May 11th. Finally, BidaskClub cut Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $14.00.

Shares of Sterling Construction (NASDAQ:STRL) opened at 11.11 on Monday. The company’s 50-day moving average price is $12.41 and its 200 day moving average price is $10.29. Sterling Construction has a one year low of $6.01 and a one year high of $14.93. The company’s market cap is $300.27 million.

Several hedge funds and other institutional investors have recently bought and sold shares of STRL. Argent Capital Management LLC raised its stake in shares of Sterling Construction by 2.4% in the first quarter. Argent Capital Management LLC now owns 306,530 shares of the construction company’s stock valued at $2,835,000 after buying an additional 7,325 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Sterling Construction by 22.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 546,420 shares of the construction company’s stock valued at $5,054,000 after buying an additional 98,434 shares during the last quarter. Hancock Holding Co. purchased a new stake in shares of Sterling Construction during the first quarter valued at approximately $181,000. AlphaOne Investment Services LLC raised its stake in shares of Sterling Construction by 14.9% in the first quarter. AlphaOne Investment Services LLC now owns 475,424 shares of the construction company’s stock valued at $4,397,000 after buying an additional 61,824 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Sterling Construction by 8.1% in the first quarter. Trexquant Investment LP now owns 19,977 shares of the construction company’s stock valued at $185,000 after buying an additional 1,489 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

In other news, Director Milton L. Scott sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $10.63, for a total value of $159,450.00. Following the completion of the transaction, the director now owns 45,307 shares in the company, valued at $481,613.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by 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.

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