Construction Partners (ROAD) Scheduled to Post Quarterly Earnings on Friday

Construction Partners (NASDAQ:ROAD) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Construction Partners has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Construction Partners (NASDAQ:ROAD) last released its earnings results on Friday, February 9th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Construction Partners had a net margin of 3.52% and a return on equity of 11.56%. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $393.62 million. During the same period in the prior year, the business earned $0.04 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts expect Construction Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Construction Partners Stock Up 3.3 %

Construction Partners stock opened at $53.78 on Wednesday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 49.80, a P/E/G ratio of 1.33 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.39 and a debt-to-equity ratio of 0.82. Construction Partners has a twelve month low of $27.22 and a twelve month high of $58.65. The stock’s fifty day simple moving average is $53.05 and its 200-day simple moving average is $46.54.

Analysts Set New Price Targets

Several equities analysts recently commented on ROAD shares. Stifel Nicolaus increased their target price on Construction Partners from $51.00 to $57.00 and gave the company a “buy” rating in a report on Monday, February 12th. Robert W. Baird downgraded Construction Partners from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $46.00 to $50.00 in a report on Monday, February 12th. Finally, Sidoti lowered Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Construction Partners presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Construction Partners Company Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.