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Construction Partners Inc (NASDAQ: ROAD) closed the day trading at $50.46 up 0.86% from the previous closing price of $50.03. In other words, the price has increased by $0.86 from its previous closing price. On the day, 0.54 million shares were traded. ROAD stock price reached its highest trading level at $50.64 during the session, while it also had its lowest trading level at $49.52.
Ratios:
For a better understanding of ROAD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.85.
On February 12, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $46 to $50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 20 ’23 when SunTx Capital II Management Co sold 50,000 shares for $44.21 per share. The transaction valued at 2,210,417 led to the insider holds 128,134 shares of the business.
Jennings Craig sold 22,500 shares of ROAD for $979,425 on Dec 14 ’23. The Director now owns 0 shares after completing the transaction at $43.53 per share. On Dec 13 ’23, another insider, Matteson Mark R, who serves as the Director of the company, sold 90,000 shares for $43.49 each. As a result, the insider received 3,914,438 and left with 10,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ROAD now has a Market Capitalization of 2665670656 and an Enterprise Value of 3057966848. As of this moment, Construction’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.45, and their Forward P/E ratio for the next fiscal year is 29.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 5.11. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 17.423.
Stock Price History:
The Beta on a monthly basis for ROAD is 0.69, which has changed by 0.937788 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, ROAD has reached a high of $58.65, while it has fallen to a 52-week low of $24.20. The 50-Day Moving Average of the stock is -2.39%, while the 200-Day Moving Average is calculated to be 21.40%.
Shares Statistics:
Over the past 3-months, ROAD traded about 384.60K shares per day on average, while over the past 10 days, ROAD traded about 409220 shares per day. A total of 43.73M shares are outstanding, with a floating share count of 42.50M. Insiders hold about 19.54% of the company’s shares, while institutions hold 84.06% stake in the company. Shares short for ROAD as of 1711584000 were 2196700 with a Short Ratio of 5.71, compared to 1709164800 on 1346286. Therefore, it implies a Short% of Shares Outstanding of 2196700 and a Short% of Float of 6.0100004.
Earnings Estimates
The dynamic stock of Construction Partners Inc (ROAD) is currently being evaluated by a team of 8 analysts, each contributing to its current rating.On average, analysts expect EPS of $-0.04 for the current quarter, with a high estimate of $0.05 and a low estimate of $-0.11, while EPS last year was $-0.11. The consensus estimate for the next quarter is $0.52, with high estimates of $0.55 and low estimates of $0.46.
Analysts are recommending an EPS of between $1.38 and $1.24 for the fiscal current year, implying an average EPS of $1.32. EPS for the following year is $1.7, with 8 analysts recommending between $1.87 and $1.51.
Revenue Estimates
A total of 8 analysts have provided revenue estimates for ROAD’s current fiscal year. The highest revenue estimate was $1.82B, while the lowest revenue estimate was $1.76B, resulting in an average revenue estimate of $1.8B. In the same quarter a year ago, actual revenue was $1.56B, up 14.90% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.07B and the low estimate is $1.93B. The average revenue growth estimate for next year is up 11.20% from the average revenue estimate for this year.
