Construction Partners (NASDAQ:ROAD) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Construction Partners (NASDAQ:ROADGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01), Briefing.com reports. The firm had revenue of $538.16 million during the quarter, compared to analyst estimates of $538.04 million. Construction Partners had a net margin of 4.01% and a return on equity of 13.34%. Construction Partners’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share.

Construction Partners Stock Down 1.8 %

NASDAQ:ROAD opened at $91.31 on Thursday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 67.64, a P/E/G ratio of 1.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.30 and a current ratio of 1.60. The stock’s fifty day moving average price is $77.71 and its two-hundred day moving average price is $65.04. Construction Partners has a 52-week low of $39.79 and a 52-week high of $97.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROAD shares. DA Davidson lifted their target price on shares of Construction Partners from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Raymond James boosted their price objective on Construction Partners from $69.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus increased their target price on Construction Partners from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Robert W. Baird lifted their price target on Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

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About Construction Partners

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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.

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Earnings History for Construction Partners (NASDAQ:ROAD)

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