Construction Partners (ROAD) to Release Quarterly Earnings on Friday

Construction Partners (NASDAQ:ROAD) is expected to post its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Construction Partners to post earnings of $0.14 per share and revenue of $517.52 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Construction Partners (NASDAQ:ROAD) last issued its earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $538.16 million for the quarter, compared to analysts’ expectations of $538.04 million. Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. On average, analysts expect Construction Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Construction Partners Stock Up 0.9 %

Shares of NASDAQ ROAD opened at $80.02 on Friday. The stock has a 50 day moving average price of $92.23 and a 200 day moving average price of $77.82. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 1.14 and a beta of 0.75. Construction Partners has a 52-week low of $44.70 and a 52-week high of $103.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54.

Insider Buying and Selling at Construction Partners

In other Construction Partners news, Director Charles E. Owens sold 46,596 shares of Construction Partners stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $101.33, for a total value of $4,721,572.68. Following the transaction, the director now directly owns 203,404 shares of the company’s stock, valued at approximately $20,610,927.32. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suntx Capital Ii Management Co sold 12,731 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $99.78, for a total value of $1,270,299.18. Following the sale, the director now owns 17,000 shares of the company’s stock, valued at approximately $1,696,260. This represents a 42.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,225 shares of company stock worth $13,904,358 over the last quarter. Insiders own 18.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ROAD shares. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research report on Thursday. Raymond James cut their target price on shares of Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 16th. Finally, Robert W. Baird upped their price target on shares of Construction Partners from $68.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.40.

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.