Sterling Construction Company (STRL) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $8 . Maxim Group advised their investors in a research report released on May 25, 2016.
Many Wall Street Analysts have commented on Sterling Construction Company. BWS Financial Downgraded Sterling Construction Company on May 3, 2016 to ” Hold”, Price Target of the shares are set at $6.
On the company’s financial health, Sterling Construction Company reported $-0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $126.60 million for the quarter, compared to analysts expectations of $142.54 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.90 EPS.
Sterling Construction Company closed down -0.17 points or -3.66% at $4.48 with 69,776 shares getting traded on Friday. Post opening the session at $4.7, the shares hit an intraday low of $4.43 and an intraday high of $4.729 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 5, 2016, Paul J Varello (CEO) purchased 125,000 shares at $4.00 per share price.
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 and light rail and its water infrastructure projects include water wastewater and storm drainage systems. The Company provides its services primarily by using traditional general contracting arrangements including fixed-unit price contracts lump sum contracts and cost-plus contracts. Through its subsidiaries the Company performs construction contracts produces aggregates from a leased quarry and produces asphalt.