Aecom (NYSE:ACM) announced its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02, Bloomberg Earnings reports. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Aecom updated its FY18 guidance to $2.50-2.90 EPS.
Aecom (NYSE ACM) traded down $0.25 during trading hours on Wednesday, hitting $34.65. The company had a trading volume of 456,876 shares, compared to its average volume of 905,611. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.21 and a quick ratio of 1.21. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90. The firm has a market cap of $5,560.00, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.86 and a beta of 1.70.
In related news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $38.88, for a total value of $583,200.00. Following the completion of the sale, the insider now directly owns 129,095 shares of the company’s stock, valued at $5,019,213.60. The disclosure for this sale can be found here. Insiders sold a total of 82,486 shares of company stock valued at $3,170,752 in the last quarter. 0.74% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Aecom by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,535,917 shares of the construction company’s stock worth $465,709,000 after acquiring an additional 198,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Aecom by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,742,824 shares of the construction company’s stock worth $174,587,000 after acquiring an additional 24,471 shares in the last quarter. Lyrical Asset Management LP lifted its stake in Aecom by 4.6% in the 4th quarter. Lyrical Asset Management LP now owns 4,351,145 shares of the construction company’s stock worth $161,645,000 after acquiring an additional 189,577 shares in the last quarter. State Street Corp lifted its stake in Aecom by 1.1% in the 2nd quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock worth $128,599,000 after acquiring an additional 44,044 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Aecom by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,206,181 shares of the construction company’s stock worth $81,959,000 after acquiring an additional 54,988 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Barclays assumed coverage on Aecom in a research note on Tuesday, December 12th. They set an “underweight” rating and a $34.00 target price for the company. Citigroup reaffirmed a “buy” rating and set a $4.00 target price (down previously from $40.00) on shares of Aecom in a research note on Friday, October 27th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Argus raised their target price on Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, UBS Group reaffirmed a “buy” rating and set a $4.00 target price (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Aecom currently has an average rating of “Hold” and a consensus price target of $36.40.
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Aecom Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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