Construction Partners, Inc. (NASDAQ:ROAD) Expected to Post Earnings of $0.18 Per Share

Wall Street analysts forecast that Construction Partners, Inc. (NASDAQ:ROADGet Rating) will announce earnings of $0.18 per share for the current quarter, according to Zacks. Two analysts have made estimates for Construction Partners’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.12. Construction Partners also posted earnings of $0.18 per share during the same quarter last year. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Construction Partners will report full-year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.46. For the next financial year, analysts expect that the company will report earnings of $0.76 per share, with EPS estimates ranging from $0.54 to $0.91. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Construction Partners.

Construction Partners (NASDAQ:ROADGet Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). Construction Partners had a return on equity of 3.28% and a net margin of 1.25%. The company had revenue of $243.40 million for the quarter, compared to analyst estimates of $218.14 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 35.7% compared to the same quarter last year.

A number of equities analysts have issued reports on ROAD shares. Zacks Investment Research lowered Construction Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 13th. Raymond James raised Construction Partners from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $30.00 to $25.00 in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Construction Partners has a consensus rating of “Buy” and a consensus target price of $33.80.

NASDAQ ROAD traded up $0.78 on Friday, reaching $22.78. 18,508 shares of the stock traded hands, compared to its average volume of 346,390. The firm’s fifty day simple moving average is $25.06 and its 200 day simple moving average is $28.28. The company has a quick ratio of 1.50, a current ratio of 1.93 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 84.62, a P/E/G ratio of 2.06 and a beta of 0.93. Construction Partners has a 12 month low of $19.51 and a 12 month high of $44.99.

In other news, SVP John L. Harper acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $20.94 per share, for a total transaction of $628,200.00. Following the completion of the acquisition, the senior vice president now owns 15,000 shares in the company, valued at $314,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 24.35% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ROAD. Quantbot Technologies LP bought a new position in Construction Partners during the first quarter valued at about $36,000. Prospera Financial Services Inc acquired a new stake in shares of Construction Partners in the first quarter valued at about $52,000. Fifth Third Bancorp grew its position in shares of Construction Partners by 33.8% in the fourth quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock valued at $53,000 after purchasing an additional 454 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Construction Partners in the third quarter valued at about $54,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Construction Partners in the first quarter valued at about $54,000. Institutional investors own 69.45% of the company’s stock.

About Construction Partners (Get Rating)

Construction Partners, Inc, a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments.

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