Latest news with #CenturiHoldings
Yahoo
25-07-2025
- Business
- Yahoo
What Makes Centuri (CTRI) a New Buy Stock
Centuri Holdings (CTRI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Therefore, the Zacks rating upgrade for Centuri basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock. For Centuri, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> . Earnings Estimate Revisions for Centuri This utility infrastructure services provider is expected to earn $0.60 per share for the fiscal year ending December 2025, which represents no year-over-year change. Analysts have been steadily raising their estimates for Centuri. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.5%. Bottom Line Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Centuri to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Centuri Holdings, Inc. (CTRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
28-06-2025
- Business
- Yahoo
Centuri Holdings (CTRI) Surges Amid New Contract Awards
The share price of Centuri Holdings, Inc. (NYSE:CTRI) surged by 8.24% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week. A large natural gas pipeline snaking through a rural landscape. Centuri Holdings, Inc. (NYSE:CTRI) is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. Centuri Holdings, Inc. (NYSE:CTRI) surged this week after the company announced that it had secured more than $575 million in infrastructure contract awards across the United States, reflecting its momentum in capturing opportunities to expand and modernize essential energy infrastructure. A significant portion of the announced awards includes a multi-year contract renewal with a long-standing natural gas utility customer for gas distribution, transmission, and storage services. The new projects complement the $350 million in awards Centuri Holdings, Inc. (NYSE:CTRI) previously announced last month. While we acknowledge the potential of CTRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-06-2025
- Business
- Yahoo
Southwest Gas completes sale of Centuri Holdings shares
Southwest Gas Holdings has completed its underwritten secondary public offering of Centuri Holdings common stock, with the company acting as the selling stockholder. The offering involved the sale of 11.2 million existing shares at a price of $20.75 per share, generating substantial proceeds for the company. The transaction included the full exercise of the underwriters' option to purchase an additional 1.4 million shares to cover over-allotments. This move underscores the strong market interest and successful execution of the offering strategy. In a concurrent development, Southwest Gas Holdings has also reached an agreement to sell 1,060,240 shares of Centuri's common stock to investment entities affiliated with Carl C. Icahn in a private placement, priced equally to the public offering. This private sale is contingent on regulatory clearances and customary closing conditions, with a termination date set for 9 July 2025 if not finalised. The shares involved in the private placement with the Icahn entities will not be registered under the Securities Act of 1933, indicating a different regulatory approach compared with the public offering. From the public offering, Southwest Gas Holdings has netted approximately $225m after deducting underwriting discounts and commissions. The private placement is expected to bring in an additional $22m. These funds will be allocated towards repaying existing company debts. Following the closing of the public offering, Southwest Gas Holdings' ownership in Centuri stands at approximately 53.3%. The completion of the private placement will slightly reduce this stake to around 52.1%. "Southwest Gas completes sale of Centuri Holdings shares" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
Centuri Holdings (CTRI) Fell This Week. Here is Why.
The share price of Centuri Holdings, Inc. (NYSE:CTRI) fell by 8.63% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. A large natural gas pipeline snaking through a rural landscape. Centuri Holdings, Inc. (NYSE:CTRI) is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. Centuri Holdings, Inc. (NYSE:CTRI) fell this week after the company announced that it has commenced an underwritten secondary public offering of 9.5 million shares of CTRI's common stock by Southwest Gas as a selling stockholder. Southwest also intends to grant underwriters a 30-day option to purchase up to an additional 1.425 million shares. However, Centuri will not receive any proceeds from the offering as it is not selling any shares. Moreover, Southwest Gas has separately also entered into an agreement to sell $22 million in CTRI shares to investment entities affiliated with Carl C. Icahn in a concurrent private placement at the same price as the public offering. While we acknowledge the potential of CTRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
Business Wire
11-06-2025
- Business
- Business Wire
Centuri Appoints Behzad Kazerani Senior Vice President of Sales and Business Development, U.S. Gas and Special Projects
PHOENIX--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) ('Centuri' or the "Company"), a leading, North American utility infrastructure services company, today announced the appointment of Behzad Kazerani as Senior Vice President of Sales and Business Development for its U.S. Gas and Special Projects business. With more than 30 years of experience in sales and business development across energy infrastructure. Mr. Kazerani brings a wealth of industry knowledge and leadership to Centuri. In this new role, he will be responsible for driving a unified and strategic approach to sales and business development across Centuri's U.S. Gas operations. His efforts will focus on capturing additional market share, leveraging internal capabilities and insights, and building on Centuri's strong customer relationships, which average more than 24 years. Mr. Kazerani's career includes leadership roles at globally recognized energy services companies and consulting firms, including Petrofac, Wood (formerly Wood Group Mustang), and KBR. Most recently, he served as Chief Business Development Officer at EnerMech. His US and global experience and deep industry expertise are expected to bolster Centuri's growth and margin capture across US gas end markets. 'As demand for our service offerings accelerates in line with global energy demand, Behzad's appointment is instrumental to aligning Centuri's capabilities with market opportunities, ensuring we grow market share through strategic customer engagement, expanded reach, and by leveraging our full suite of capabilities to serve the entire energy value chain,' said Centuri US Gas President Dylan Hradek. 'Behzad's proven track record and strategic vision make him an ideal leader as we amplify the Company's focus on profitable growth.' Mr. Kazerani holds a bachelor's degree in civil engineering and a PhD in Geotechnical Engineering. He is also a Chartered Civil Engineer, bringing both academic rigor and practical expertise to his new role. Learn more about Centuri's capabilities at About Centuri Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as 'will,' 'predict,' 'continue,' 'forecast,' 'expect,' 'believe,' 'anticipate,' 'outlook,' 'could,' 'target,' 'project,' 'intend,' 'plan,' 'seek,' 'estimate,' 'should,' 'may' and 'assume,' as well as variations of such words and similar expressions referring to the future. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri's filings filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
