Construction Partners (NASDAQ:ROAD) Announces Quarterly Earnings Results

Construction Partners (NASDAQ:ROAD) announced its earnings results on Friday. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12, Zacks reports. The business had revenue of $571.65 million during the quarter, compared to analysts’ expectations of $559.61 million. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business’s revenue was up 53.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Construction Partners updated its FY 2025 guidance to EPS.

Construction Partners Trading Up 3.5 %

Shares of ROAD stock opened at $95.75 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. Construction Partners has a twelve month low of $51.63 and a twelve month high of $103.69. The company’s 50-day moving average price is $77.05 and its 200-day moving average price is $83.74. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 89.49, a PEG ratio of 0.99 and a beta of 0.87.

Insiders Place Their Bets

In other news, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $73.83, for a total transaction of $442,980.00. Following the sale, the senior vice president now owns 159,389 shares of the company’s stock, valued at approximately $11,767,689.87. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Fred Julius Smith III acquired 9,333 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of $73.83 per share, with a total value of $689,055.39. Following the completion of the transaction, the chief executive officer now directly owns 9,333 shares of the company’s stock, valued at $689,055.39. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 16.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James decreased their price objective on Construction Partners from $104.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 29th. DA Davidson reissued a “neutral” rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Finally, Robert W. Baird upped their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, February 10th.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.