Equities analysts predict that Aegion Corp (NASDAQ:AEGN) will post earnings of $0.23 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Aegion’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.19. Aegion posted earnings per share of $0.44 in the same quarter last year, which would suggest a negative year-over-year growth rate of 47.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that Aegion will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.02 to $1.13. For the next year, analysts anticipate that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.44. Zacks’ EPS calculations are an average based on a survey of research firms that follow Aegion.
Aegion (NASDAQ:AEGN) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.98 million. During the same quarter in the previous year, the firm earned $0.32 EPS. Aegion’s quarterly revenue was up 10.8% compared to the same quarter last year.
A number of equities analysts have weighed in on AEGN shares. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Craig Hallum lowered Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, October 4th. Canaccord Genuity boosted their target price on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, TheStreet lowered Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.75.
Aegion (AEGN) opened at $25.48 on Friday. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09. The firm has a market capitalization of $829.11, a PE ratio of -21.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77.
In other Aegion news, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now owns 101,430 shares of the company’s stock, valued at $2,434,320. The disclosure for this sale can be found here. Insiders own 3.62% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. bought a new stake in shares of Aegion during the 3rd quarter valued at about $210,000. State Street Corp grew its stake in shares of Aegion by 0.9% during the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after purchasing an additional 8,122 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Aegion by 40.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,880 shares of the construction company’s stock valued at $370,000 after purchasing an additional 4,600 shares during the period. First Trust Advisors LP grew its stake in shares of Aegion by 40.8% during the 3rd quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock valued at $10,194,000 after purchasing an additional 126,788 shares during the period. Finally, Boston Partners grew its stake in shares of Aegion by 17.8% during the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock valued at $28,249,000 after purchasing an additional 183,579 shares during the period. Institutional investors and hedge funds own 92.96% of the company’s stock.
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Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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