Sterling Construction Company (STRL) Releases Earnings Results, Reports EPS of $0.09 EPS

Sterling Construction Company (STRL) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.09 EPS for the quarter. Analysts had a consensus estimate of $0.09. The company posted revenue of $189.60 million in the period, compared to analysts expectations of $180.83 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Sterling Construction Company. Shares were Reiterated by Maxim Group on May 25, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $8 .

Sterling Construction Company opened for trading at $5.74 and hit $5.83 on the upside on Friday, eventually ending the session at $5.82, with a gain of 1.04% or 0.06 points. The heightened volatility saw the trading volume jump to 66,626 shares. Company has a market cap of $115 M.

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.

Sterling Construction Company

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