Wall Street analysts forecast that Aegion Corp (NASDAQ:AEGN) will announce sales of $322.57 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aegion’s earnings. The lowest sales estimate is $307.70 million and the highest is $330.00 million. Aegion posted sales of $321.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The business is scheduled to issue its next earnings report on Tuesday, February 27th.
On average, analysts expect that Aegion will report full year sales of $322.57 million for the current fiscal year, with estimates ranging from $1.33 billion to $1.35 billion. For the next year, analysts anticipate that the business will report sales of $1.32 billion per share, with estimates ranging from $1.30 billion to $1.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Aegion.
AEGN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Hilliard Lyons lowered shares of Aegion from a “buy” rating to a “neutral” rating in a research report on Thursday, December 21st. ValuEngine raised shares of Aegion from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reissued a “hold” rating and set a $26.00 price target on shares of Aegion in a research note on Thursday, December 14th. Finally, BidaskClub downgraded shares of Aegion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.75.
In related news, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were 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 can be accessed through the SEC website. Insiders own 3.62% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AEGN. Public Employees Retirement System of Ohio raised its stake in shares of Aegion by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after buying an additional 426 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Aegion during the third quarter worth approximately $131,000. SG Americas Securities LLC bought a new stake in shares of Aegion during the third quarter worth approximately $133,000. UBS Asset Management Americas Inc. bought a new stake in shares of Aegion during the fourth quarter worth approximately $209,000. Finally, Eqis Capital Management Inc. bought a new stake in Aegion in the third quarter valued at approximately $210,000. 92.75% of the stock is owned by institutional investors and hedge funds.
Shares of Aegion (NASDAQ AEGN) traded up $0.37 during mid-day trading on Friday, hitting $24.13. 88,489 shares of the stock were exchanged, compared to its average volume of 124,225. Aegion has a 12 month low of $19.11 and a 12 month high of $28.19. The firm has a market capitalization of $772.84, a price-to-earnings ratio of -19.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09.
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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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