Construction Partners, Inc. (ROAD)

NASDAQ: ROAD · IEX Real-Time Price · USD
22.94
0.44 (1.96%)
May 18, 2022 1:05 PM EDT - Market open
Market Cap1.21B
Revenue (ttm)1.07B
Net Income (ttm)13.33M
Shares Out52.55M
EPS (ttm)0.35
PE Ratio66.49
Forward PE21.46
Dividendn/a
Ex-Dividend Daten/a
Volume162,840
Open22.41
Previous Close22.50
Day's Range22.27 - 24.44
52-Week Range19.51 - 44.99
Beta0.98
AnalystsBuy
Price Target29.24 (+27.5%)
Earnings DateMay 6, 2022

About ROAD

Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with constr...

IndustryConstruction & Engineering
IPO DateMay 4, 2018
CEOCharles Owens
Employees805
Stock ExchangeNASDAQ
Ticker SymbolROAD
Full Company Profile

Financial Performance

In 2021, ROAD's revenue was $910.74 million, an increase of 15.92% compared to the previous year's $785.68 million. Earnings were $20.18 million, a decrease of -49.93%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ROAD stock is "Buy." The 12-month stock price forecast is 29.24, which is an increase of 27.46% from the latest price.

Price Target
$29.24
(27.46% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Construction Partners Shares Are Falling Today

Construction Partners Inc (NASDAQ: ROAD) reported second-quarter FY22 revenue growth of 35.9% year-over-year to $243.4 million, beating the consensus of $217.66 million. EPS loss widened to $(0.18) from...

1 week ago - Benzinga

Construction Partners (ROAD) Reports Q2 Loss, Tops Revenue Estimates

Construction Partners (ROAD) delivered earnings and revenue surprises of -350% and 14.66%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Construction Partners, Inc. Announces Fiscal 2022 Second Quarter Results

Revenue Growth of 36% Compared to Second Quarter Last Year Record Backlog of $1.28 Billion DOTHAN, Ala. , May 6, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"),...

1 week ago - PRNewsWire

Will Construction Partners (ROAD) Report Negative Earnings Next Week? What You Should Know

Construction Partners (ROAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 weeks ago - Zacks Investment Research

Construction Partners, Inc. Completes Florida Acquisition

Company Enhances Asphalt and Sitework Business in Panhandle DOTHAN, Ala. , March 18, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infras...

1 month ago - PRNewsWire

Construction Partners, Inc. Completes North Carolina Acquisition

DOTHAN, Ala. , March 7, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and mainten...

2 months ago - PRNewsWire

Construction Partners (ROAD) Matches Q1 Earnings Estimates

Construction Partners (ROAD) delivered earnings and revenue surprises of 0% and 19.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Construction Partners Q1 Earnings Exceed Expectations; Maintains FY22 Outlook

Construction Partners Inc  ROAD reported first-quarter FY22 revenue growth of 49.3% year-over-year to $284.96 million, beating the consensus of $238.52 million. EPS decreased to $0.11 from $0.15 in 1Q21...

3 months ago - Benzinga

Construction Partners, Inc. Announces Fiscal 2022 First Quarter Results

DOTHAN, Ala., Feb. 4, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and ...

3 months ago - PRNewsWire

Earnings Preview: Construction Partners (ROAD) Q1 Earnings Expected to Decline

Construction Partners (ROAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Construction Partners, Inc. Announces Schedule for Fiscal 2022 First Quarter Earnings Release and Conference Call

DOTHAN, Ala., Jan. 5, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenan...

4 months ago - PRNewsWire

New Strong Sell Stocks for November 29th

DVA, NVST, WWD, PHR, and ROAD have been added to the Zacks Rank #5 (Strong Sell) List on November 29, 2021

Other symbols:DVANVSTPHRWWD
5 months ago - Zacks Investment Research

Construction Partners (ROAD) Lags Q4 Earnings and Revenue Estimates

Construction Partners (ROAD) delivered earnings and revenue surprises of -61.54% and 10.99%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Construction Partners, Inc. Announces Fiscal 2021 Fourth Quarter and Year-End Results

DOTHAN, Ala., Nov. 23, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and...

5 months ago - PRNewsWire

Why Construction Partners (ROAD) Might Surprise This Earnings Season

Construction Partners (ROAD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

5 months ago - Zacks Investment Research

BofA Downgrades This Construction Company Citing Profitability Issues

BofA analyst Michael Feniger has downgraded Construction Partners Inc (NASDAQ:ROAD) to Neutral from Buy and raised the price target to $43 from $37. The increased price target implies an upside of 7.96%.

5 months ago - Benzinga

Construction Partners (ROAD) Earnings Expected to Grow: Should You Buy?

Construction Partners (ROAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

Construction Partners, Inc. Announces Schedule for Fiscal 2021 Fourth Quarter and Full Year Earnings Release and Conf...

DOTHAN, Ala., Nov. 1, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenan...

6 months ago - PRNewsWire

Building Products Industry to Thrive: 5 Stocks for Higher Returns

The Zacks Building Products - Miscellaneous industry is gaining from strong housing and home improvement activities. Industry participants MAS, OC, WMS, BLD and ROAD are set to gain the most from the su...

Other symbols:BLDMASOCWMS
6 months ago - Zacks Investment Research

Construction Partners (ROAD) Buys J. Miller, Expands Reach

Construction Partners' (ROAD) acquisition of J. Miller strengthens its presence in both Florida and Alabama.

6 months ago - Zacks Investment Research

Construction Partners (ROAD) Concludes King Asphalt Buyout

The King buyout expands Construction Partners' (ROAD) footprint in the South Carolina metro area.

7 months ago - Zacks Investment Research

Construction Partners, Inc. Completes South Carolina Platform Company Acquisition

DOTHAN, Ala., Oct. 4, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenan...

7 months ago - PRNewsWire

Construction Partners (ROAD) Acquires Paving Firm in NC

Construction Partners' (ROAD) acquisition of C.K. Earnhardt & Son strengthens its presence in North Carolina.

8 months ago - Zacks Investment Research

These 12 stocks will benefit most from Biden's $1 trillion infrastructure plan, according to Bank of America

The spending plan includes funding for roads, bridges, and broadband. Expect engineering, construction, and machinery stocks to win out, BofA said.

9 months ago - Business Insider

Construction Partners Stock Plunges After Missing Q3 Estimates, Lowered FY21 Outlook

Construction Partners Inc (NASDAQ: ROAD) reported third-quarter revenue growth of 20.6% year-over-year to $261.7 million, missing the consensus of $293.33 million. EPS decreased to $0.18 from $0.30 in 3...

9 months ago - Benzinga