Centuri (NYSE:CTRI) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Centuri (NYSE:CTRI) issued its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.13), Briefing.com reports. Centuri had a return on equity of 6.37% and a net margin of 0.09%.The company had revenue of $825.23 million for the quarter, compared to analyst estimates of $762.06 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Centuri updated its FY 2025 guidance to EPS.

Centuri Trading Down 1.6%

Shares of NYSE:CTRI traded down $0.35 during midday trading on Friday, reaching $21.02. The company’s stock had a trading volume of 1,447,563 shares, compared to its average volume of 1,669,735. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 700.73, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The business has a 50 day moving average price of $21.02 and a 200 day moving average price of $20.78. Centuri has a 1 year low of $14.45 and a 1 year high of $24.60. The company has a quick ratio of 1.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.54.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Centuri in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Centuri has a consensus rating of “Hold” and a consensus target price of $23.00.

Institutional Trading of Centuri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Centuri by 164.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after acquiring an additional 95,585 shares during the period. JPMorgan Chase & Co. increased its position in Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after purchasing an additional 890 shares during the last quarter. Legal & General Group Plc raised its stake in Centuri by 126.8% during the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock worth $667,000 after purchasing an additional 16,618 shares during the period. Rhumbline Advisers raised its stake in Centuri by 10.1% during the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after purchasing an additional 2,228 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Centuri by 51.4% in the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock valued at $1,065,000 after purchasing an additional 16,115 shares during the last quarter.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.