Equities research analysts forecast that Construction Partners Inc (NASDAQ:ROAD) will announce earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Construction Partners’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.02. Construction Partners posted earnings of $0.33 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 87.9%. The business is scheduled to announce its next earnings report on Thursday, August 13th.

On average, analysts expect that Construction Partners will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.69. For the next year, analysts expect that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Construction Partners.

Construction Partners (NASDAQ:ROAD) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $168.68 million during the quarter, compared to the consensus estimate of $166.41 million. Construction Partners had a return on equity of 11.90% and a net margin of 5.04%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS.

A number of equities research analysts recently commented on the stock. Raymond James cut shares of Construction Partners from a “strong-buy” rating to an “outperform” rating and set a $18.00 price target on the stock. in a report on Tuesday, May 12th. DA Davidson cut shares of Construction Partners from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Thursday, April 9th. ValuEngine raised shares of Construction Partners from a “sell” rating to a “hold” rating in a report on Monday, March 16th. BidaskClub cut shares of Construction Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 25th. Finally, TheStreet raised shares of Construction Partners from a “c” rating to a “b-” rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Construction Partners currently has a consensus rating of “Hold” and an average price target of $18.17.

In other news, Director Suntx Capital Management Corp. sold 862,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $16.00, for a total value of $13,800,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Royce Alan Palmer sold 14,162 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $17.55, for a total transaction of $248,543.10. Following the completion of the transaction, the chief financial officer now directly owns 95,500 shares in the company, valued at approximately $1,676,025. The disclosure for this sale can be found here. Insiders have sold a total of 6,632,980 shares of company stock worth $106,166,311 in the last three months. Insiders own 63.94% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ROAD. SunTx Capital Management Corp. purchased a new position in Construction Partners in the fourth quarter worth $227,323,000. Conestoga Capital Advisors LLC grew its position in Construction Partners by 69.5% in the first quarter. Conestoga Capital Advisors LLC now owns 3,627,622 shares of the company’s stock worth $61,271,000 after acquiring an additional 1,487,219 shares in the last quarter. FMR LLC grew its position in Construction Partners by 2,471,005.0% in the fourth quarter. FMR LLC now owns 988,442 shares of the company’s stock worth $16,675,000 after acquiring an additional 988,402 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Construction Partners in the fourth quarter worth $15,491,000. Finally, Wasatch Advisors Inc. grew its position in Construction Partners by 30.6% in the first quarter. Wasatch Advisors Inc. now owns 1,411,503 shares of the company’s stock worth $23,840,000 after acquiring an additional 330,759 shares in the last quarter. 68.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ROAD traded up $0.30 during mid-day trading on Thursday, reaching $17.82. The company had a trading volume of 12,271 shares, compared to its average volume of 388,851. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.16. The firm has a market cap of $884.42 million, a price-to-earnings ratio of 22.16, a PEG ratio of 4.34 and a beta of 0.97. The company’s 50-day moving average price is $17.05 and its 200-day moving average price is $16.87. Construction Partners has a one year low of $11.96 and a one year high of $20.92.

Construction Partners Company Profile

Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

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