What is Sidoti Csr’s Forecast for Southland FY2024 Earnings?

Southland Holdings, Inc. (NASDAQ:SLND) – Equities research analysts at Sidoti Csr issued their FY2024 earnings estimates for shares of Southland in a research report issued on Thursday, November 14th. Sidoti Csr analyst J. Romero forecasts that the company will earn ($2.68) per share for the year. The consensus estimate for Southland’s current full-year earnings is ($2.68) per share. Sidoti Csr also issued estimates for Southland’s Q4 2024 earnings at ($0.57) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.22) EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.35 EPS.

Southland (NASDAQ:SLND) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05). The business had revenue of $173.32 million for the quarter. Southland had a negative return on equity of 47.71% and a negative net margin of 10.38%.

Separately, Craig Hallum cut their price objective on Southland from $9.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday.

Southland Trading Up 2.4 %

SLND opened at $2.98 on Monday. Southland has a fifty-two week low of $1.85 and a fifty-two week high of $6.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.48 and a quick ratio of 1.27. The company’s 50 day moving average price is $3.47 and its two-hundred day moving average price is $4.11. The firm has a market capitalization of $143.37 million, a price-to-earnings ratio of -1.34 and a beta of 0.76.

Institutional Trading of Southland

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Southland by 125.3% in the second quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock valued at $42,000 after acquiring an additional 5,122 shares during the period. Barclays PLC lifted its position in Southland by 214.0% during the third quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after buying an additional 9,284 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Southland in the third quarter worth about $72,000. Bank of New York Mellon Corp bought a new position in Southland during the 2nd quarter valued at approximately $99,000. Finally, Renaissance Technologies LLC boosted its stake in Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after purchasing an additional 16,999 shares in the last quarter. Institutional investors own 2.85% of the company’s stock.

Southland Company Profile

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.