Equities research analysts expect Construction Partners Inc (NASDAQ:ROAD) to post earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Construction Partners’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, December 10th.
According to Zacks, analysts expect that Construction Partners will report full year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.13. For the next year, analysts anticipate that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.79 to $0.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Construction Partners.
A number of analysts have recently weighed in on the stock. DA Davidson set a $15.00 target price on shares of Construction Partners and gave the stock a “buy” rating in a research report on Friday, November 23rd. Imperial Capital reduced their target price on shares of Construction Partners from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. Zacks Investment Research downgraded shares of Construction Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine downgraded shares of Construction Partners from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.33.
Shares of NASDAQ:ROAD traded down $0.70 during midday trading on Friday, reaching $9.00. The company’s stock had a trading volume of 73,324 shares, compared to its average volume of 59,538. The company has a quick ratio of 1.74, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. Construction Partners has a 12-month low of $8.17 and a 12-month high of $14.06.
Construction Partners Company Profile
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. Its services cover construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.
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