Centuri (NYSE:CTRI) Issues Earnings Results

Centuri (NYSE:CTRI) issued its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02, Zacks reports. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. Centuri updated its FY 2025 guidance to EPS.

Centuri Trading Down 2.4 %

CTRI stock traded down $0.44 during trading hours on Wednesday, reaching $18.34. The stock had a trading volume of 239,612 shares, compared to its average volume of 386,057. Centuri has a fifty-two week low of $14.47 and a fifty-two week high of $28.65. The stock has a 50-day simple moving average of $20.78 and a 200 day simple moving average of $19.13. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CTRI shares. Robert W. Baird lifted their price target on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.80.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.