Centuri (NYSE:CTRI) Announces Earnings Results
by Amy Steele · The Cerbat GemCenturi (NYSE:CTRI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05, FiscalAI reports. Centuri had a net margin of 0.98% and a return on equity of 6.03%. The company had revenue of $688.69 million during the quarter, compared to analyst estimates of $618.87 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis.
Centuri Trading Down 19.8%
NYSE:CTRI opened at $33.53 on Friday. The stock has a market cap of $3.38 billion, a PE ratio of 98.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. Centuri has a fifty-two week low of $17.97 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The stock’s 50-day moving average is $31.88 and its two-hundred day moving average is $27.61.
Institutional Trading of Centuri
Several institutional investors have recently made changes to their positions in CTRI. Invesco Ltd. grew its position in Centuri by 35.2% during the fourth quarter. Invesco Ltd. now owns 73,836 shares of the company’s stock valued at $1,864,000 after purchasing an additional 19,227 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Centuri in the 4th quarter valued at approximately $253,000. XTX Topco Ltd lifted its position in Centuri by 229.7% in the 4th quarter. XTX Topco Ltd now owns 126,392 shares of the company’s stock worth $3,191,000 after buying an additional 88,061 shares in the last quarter. Symmetry Investments LP purchased a new stake in Centuri in the 4th quarter worth approximately $1,010,000. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Centuri by 27.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 301,013 shares of the company’s stock valued at $7,601,000 after buying an additional 65,207 shares during the period.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CTRI shares. Cantor Fitzgerald lifted their target price on shares of Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Centuri from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Centuri has a consensus rating of “Hold” and a consensus price target of $28.85.
Check Out Our Latest Report on Centuri
About Centuri
Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.
Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.