Everus (NYSE:ECG) Announces Quarterly Earnings Results

Everus (NYSE:ECG) released its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06), Zacks reports.

Everus Price Performance

Everus stock traded down $1.60 during mid-day trading on Tuesday, hitting $68.32. The stock had a trading volume of 456,505 shares, compared to its average volume of 583,820. The firm’s 50-day moving average is $68.89. Everus has a 12 month low of $40.05 and a 12 month high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

ECG has been the subject of several recent analyst reports. DA Davidson initiated coverage on Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective for the company. Wolfe Research started coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Oppenheimer increased their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

Everus Company Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.