FY2024 Earnings Estimate for Southland Issued By Sidoti Csr

Southland Holdings, Inc. (NASDAQ:SLND) – Analysts at Sidoti Csr issued their FY2024 earnings estimates for shares of Southland in a research report issued on Thursday, November 14th. Sidoti Csr analyst J. Romero anticipates that the company will post earnings per share of ($2.68) for the year. The consensus estimate for Southland’s current full-year earnings is ($2.68) per share. Sidoti Csr also issued estimates for Southland’s Q4 2024 earnings at ($0.57) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.22) EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.51) EPS and FY2026 earnings at $0.35 EPS.

Separately, Craig Hallum decreased their target price on Southland from $9.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday.

Southland Stock Up 2.4 %

Shares of NASDAQ:SLND opened at $2.98 on Monday. Southland has a 52-week low of $1.85 and a 52-week high of $6.16. The stock’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $4.11. The company has a quick ratio of 1.27, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $143.37 million, a P/E ratio of -1.34 and a beta of 0.76.

Southland (NASDAQ:SLND) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($1.05). The firm had revenue of $173.32 million during the quarter. Southland had a negative return on equity of 47.71% and a negative net margin of 10.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Southland by 10.4% in the third quarter. Geode Capital Management LLC now owns 199,235 shares of the company’s stock worth $737,000 after purchasing an additional 18,799 shares in the last quarter. Barclays PLC raised its holdings in Southland by 214.0% in the 3rd quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after acquiring an additional 9,284 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Southland during the 3rd quarter worth about $72,000. Verus Capital Partners LLC bought a new position in shares of Southland during the 3rd quarter worth approximately $344,000. Finally, Tectonic Advisors LLC boosted its position in Southland by 5.8% in the third quarter. Tectonic Advisors LLC now owns 103,253 shares of the company’s stock valued at $382,000 after buying an additional 5,692 shares in the last quarter. Institutional investors own 2.85% of the company’s stock.

Southland Company Profile

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.