Brokerages expect Construction Partners Inc (NASDAQ:ROAD) to post earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Construction Partners’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.28. Construction Partners also reported earnings per share of $0.29 during the same quarter last year. The firm is expected to announce its next earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Construction Partners will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.84. For the next year, analysts expect that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $1.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Construction Partners.

Construction Partners (NASDAQ:ROAD) last issued its earnings results on Thursday, May 9th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $164.30 million for the quarter, compared to analyst estimates of $145.80 million. Construction Partners had a return on equity of 12.92% and a net margin of 6.57%. The business’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS.

ROAD has been the topic of several research reports. Zacks Investment Research lowered Construction Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Raymond James set a $14.00 target price on Construction Partners and gave the stock a “buy” rating in a research report on Thursday, February 14th. Imperial Capital reaffirmed a “buy” rating and issued a $14.00 target price on shares of Construction Partners in a research report on Thursday, February 14th. Finally, ValuEngine raised Construction Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Construction Partners has a consensus rating of “Buy” and a consensus price target of $14.50.

A number of large investors have recently added to or reduced their stakes in ROAD. Bank of New York Mellon Corp raised its position in Construction Partners by 40.5% in the fourth quarter. Bank of New York Mellon Corp now owns 939,024 shares of the company’s stock valued at $8,291,000 after purchasing an additional 270,822 shares during the period. Royce & Associates LP raised its position in Construction Partners by 145.8% in the fourth quarter. Royce & Associates LP now owns 421,600 shares of the company’s stock valued at $3,723,000 after purchasing an additional 250,100 shares during the period. Massachusetts Financial Services Co. MA raised its position in Construction Partners by 21.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 964,803 shares of the company’s stock valued at $8,519,000 after purchasing an additional 171,195 shares during the period. Tygh Capital Management Inc. raised its position in Construction Partners by 76.5% in the fourth quarter. Tygh Capital Management Inc. now owns 283,624 shares of the company’s stock valued at $2,504,000 after purchasing an additional 122,915 shares during the period. Finally, Wasatch Advisors Inc. raised its position in Construction Partners by 12.0% in the first quarter. Wasatch Advisors Inc. now owns 1,123,228 shares of the company’s stock valued at $14,344,000 after purchasing an additional 120,052 shares during the period. 20.58% of the stock is currently owned by institutional investors.

Shares of ROAD opened at $12.65 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.03 and a current ratio of 2.30. The firm has a market capitalization of $614.04 million and a P/E ratio of 14.71. Construction Partners has a twelve month low of $7.70 and a twelve 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. It offers construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides a range of sitework construction services, including site development, paving, and utility and drainage systems construction, as well as supplies hot mix asphalt required for the projects.

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Earnings History and Estimates for Construction Partners (NASDAQ:ROAD)

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