News coverage about Sterling Construction (NASDAQ:STRL) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sterling Construction earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.2273187253774 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages recently commented on STRL. Zacks Investment Research downgraded shares of Sterling Construction from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Canaccord Genuity reiterated a “buy” rating and set a $15.00 price target on shares of Sterling Construction in a report on Saturday, August 26th. TheStreet downgraded shares of Sterling Construction from a “b-” rating to a “c” rating in a report on Monday, August 21st. BidaskClub downgraded shares of Sterling Construction from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, DA Davidson upgraded shares of Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.00.
Sterling Construction (STRL) traded down 0.07% during midday trading on Thursday, reaching $14.69. 340,309 shares of the company’s stock traded hands. The company’s market capitalization is $397.07 million. Sterling Construction has a 1-year low of $6.13 and a 1-year high of $16.05. The firm’s 50-day moving average is $13.90 and its 200-day moving average is $11.56.
Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $231.42 million. Sterling Construction had a negative net margin of 0.33% and a positive return on equity of 0.06%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Analysts forecast that Sterling Construction will post $0.39 earnings per share for the current year.
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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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