Centuri (NYSE:CTRI) Issues Earnings Results

Centuri (NYSE:CTRI) posted its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03), FiscalAI reports. Centuri had a net margin of 0.09% and a return on equity of 6.37%. The company had revenue of $858.60 million during the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the previous year, the business posted $0.21 EPS. The company’s revenue was up 19.7% compared to the same quarter last year.

Here are the key takeaways from Centuri’s conference call:

• Company delivered a record $3.0 billion in 2025 revenue with adjusted net income of $39 million (up 49% YoY) and base revenue/gross profit up 18% and 35%, respectively.
• Commercial momentum: a 1.5x book-to-bill for 2025 with > $4.5 billion of bookings and a year-end backlog of ~$5.9 billion that management says covers >85% of 2026 base revenue.
• Management is targeting margin expansion via a 3‑year plan to mitigate gas seasonality (starting 2026), a goal of at least 20% fleet-efficiency improvement, and improved Non-Union Electric crew productivity.
• Balance-sheet progress: completed an equity raise (~$251 million), used proceeds for the Connect acquisition and debt paydown, lowering net debt/adjusted EBITDA to 2.5x with a target of ~2.0x and roughly 30% lower interest expense expected in 2026.
• Remaining risks and variability: data-center awards have been slower than expected so far, storm restoration revenue is inherently variable (guidance uses a 3‑year average), and Q4 adjusted net income was slightly below prior-year quarter, implying potential near-term earnings volatility.

Centuri Trading Up 1.1%

CTRI traded up $0.35 during mid-day trading on Wednesday, hitting $31.31. The stock had a trading volume of 1,671,497 shares, compared to its average volume of 1,290,100. The stock’s fifty day simple moving average is $27.95 and its 200-day simple moving average is $23.78. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 1,025.68, a price-to-earnings-growth ratio of 1.18 and a beta of 0.81. Centuri has a 1-year low of $14.45 and a 1-year high of $32.38.

Insider Activity

In related news, CEO Christian Brown sold 7,108 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the sale, the chief executive officer owned 22,089 shares in the company, valued at $541,401.39. This represents a 24.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in shares of Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the period. Tower Research Capital LLC TRC raised its holdings in Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after buying an additional 3,037 shares during the period. Inspire Advisors LLC acquired a new stake in Centuri during the 4th quarter worth approximately $220,000. SkyView Investment Advisors LLC bought a new position in Centuri in the fourth quarter valued at approximately $253,000. Finally, Ieq Capital LLC acquired a new position in shares of Centuri in the fourth quarter valued at approximately $256,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Centuri from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Cantor Fitzgerald started coverage on Centuri in a research report on Friday, January 23rd. They set an “overweight” rating and a $34.00 target price for the company. UBS Group upped their price target on Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Centuri presently has a consensus rating of “Hold” and a consensus price target of $26.40.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.