Sterling Construction (STRL) Getting Somewhat Favorable News Coverage, Accern Reports
Media coverage about Sterling Construction (NASDAQ:STRL) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sterling Construction earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.0852077730989 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Sterling Construction Company Inc (STRL) Expected to Post Quarterly Sales of $262.20 Million (americanbankingnews.com)
- Sterling Construction Company Inc (STRL) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Sterling Construction Company Inc (STRL) Expected to Announce Earnings of $0.23 Per Share (americanbankingnews.com)
- Trump Administration Moving Ahead With Test Designs for Border Wall (freebeacon.com)
Shares of Sterling Construction (STRL) traded up 2.83% during mid-day trading on Friday, reaching $14.92. The company had a trading volume of 410,462 shares. The company’s market capitalization is $403.29 million. The company has a 50 day moving average price of $11.80 and a 200 day moving average price of $10.92. Sterling Construction has a one year low of $6.13 and a one year high of $15.73.
Sterling Construction (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $264.40 million for the quarter, compared to the consensus estimate of $231.42 million. Sterling Construction had a positive return on equity of 0.06% and a negative net margin of 0.33%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. On average, analysts anticipate that Sterling Construction will post $0.39 EPS for the current year.
STRL has been the topic of a number of recent research reports. TheStreet upgraded Sterling Construction from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered Sterling Construction from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub lowered Sterling Construction from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Canaccord Genuity raised their target price on Sterling Construction from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, DA Davidson upgraded Sterling Construction from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Sterling Construction presently has an average rating of “Buy” and an average price target of $14.00.
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Sterling Construction Company Profile
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, airfields, ports and light rail.
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