What is DA Davidson’s Forecast for STRL FY2024 Earnings?

Sterling Infrastructure, Inc. (NASDAQ:STRL) – Equities research analysts at DA Davidson boosted their FY2024 EPS estimates for Sterling Infrastructure in a research note issued on Friday, November 8th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $5.93 for the year, up from their prior estimate of $5.69. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.96 per share. DA Davidson also issued estimates for Sterling Infrastructure’s Q4 2024 earnings at $1.29 EPS.

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

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

Sterling Infrastructure Trading Up 0.6 %

Shares of Sterling Infrastructure stock opened at $194.70 on Monday. The firm has a market cap of $5.98 billion, a PE ratio of 32.89, a P/E/G ratio of 2.18 and a beta of 1.15. The stock has a fifty day moving average price of $145.40 and a 200-day moving average price of $126.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. Sterling Infrastructure has a 1 year low of $62.13 and a 1 year high of $201.27.

Hedge Funds Weigh In On Sterling Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of STRL. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure in the 3rd quarter worth about $26,000. Huntington National Bank lifted 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. Hantz Financial Services Inc. bought a new position in Sterling Infrastructure during the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC grew its position in 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 acquiring an additional 219 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were 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 owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.