Everus (NYSE:ECG) Issues Earnings Results, Misses Estimates By $0.06 EPS

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

Everus Stock Performance

Shares of ECG traded down $1.60 during midday trading on Tuesday, hitting $68.32. 456,506 shares of the company’s stock traded hands, compared to its average volume of 583,820. Everus has a 1 year low of $40.05 and a 1 year high of $77.93. The company’s fifty day moving average is $68.89. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

ECG has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. DA Davidson began coverage on Everus in a research report on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective on the stock. Stifel Nicolaus lifted 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 price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th.

About Everus

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.