Sterling Infrastructure (NASDAQ:STRL) Updates FY 2025 Earnings Guidance

Sterling Infrastructure (NASDAQ:STRL) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 10.350-10.520 for the period, compared to the consensus EPS estimate of 9.250. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.

Sterling Infrastructure Trading Down 0.8%

Shares of NASDAQ:STRL opened at $381.22 on Wednesday. Sterling Infrastructure has a 52-week low of $96.34 and a 52-week high of $419.14. The company has a market capitalization of $11.71 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.39. The company has a 50-day simple moving average of $350.04 and a 200 day simple moving average of $271.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 earnings per share (EPS) for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The firm had revenue of $403.58 million for the quarter. Sell-side analysts forecast that Sterling Infrastructure will post 5.98 earnings per share for the current year.

Wall Street Analyst Weigh In

STRL has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, DA Davidson lifted their target price on Sterling Infrastructure from $355.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.00.

Hedge Funds Weigh In On Sterling Infrastructure

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its position in Sterling Infrastructure by 73.0% during the second quarter. Advisory Services Network LLC now owns 3,117 shares of the construction company’s stock valued at $719,000 after purchasing an additional 1,315 shares in the last quarter. Public Sector Pension Investment Board bought a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $23,933,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Sterling Infrastructure by 260.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,984 shares of the construction company’s stock worth $7,148,000 after buying an additional 22,393 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Sterling Infrastructure by 135.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,023 shares of the construction company’s stock valued at $928,000 after buying an additional 2,313 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after buying an additional 139 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.