What is Sidoti Csr’s Estimate for STRL FY2024 Earnings?

Sterling Infrastructure, Inc. (NASDAQ:STRL) – Investment analysts at Sidoti Csr increased their FY2024 earnings estimates for shares of Sterling Infrastructure in a note issued to investors on Friday, November 8th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings per share of $5.99 for the year, up from their previous forecast of $5.62. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.96 per share. Sidoti Csr also issued estimates for Sterling Infrastructure’s Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.58 EPS, FY2025 earnings at $6.20 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $1.99 EPS, Q3 2026 earnings at $2.07 EPS and FY2026 earnings at $7.07 EPS.

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

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

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $191.50 on Monday. The company has a market cap of $5.89 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.18 and a beta of 1.15. Sterling Infrastructure has a 52-week low of $62.13 and a 52-week high of $201.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s fifty day moving average is $148.59 and its two-hundred day moving average is $127.87.

Hedge Funds Weigh In On Sterling Infrastructure

Large investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Sterling Infrastructure during the second quarter valued at $30,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares during the last quarter. Finally, Crewe Advisors LLC increased its stake in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after buying an additional 135 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction 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. The trade was a 0.00 % decrease in their position. 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 company insiders.

About Sterling Infrastructure

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.