Wall Street analysts expect Aecom (NYSE:ACM) to report sales of $4.78 billion for the current quarter, Zacks reports. Four analysts have made estimates for Aecom’s earnings. The lowest sales estimate is $4.66 billion and the highest is $4.97 billion. Aecom posted sales of $4.43 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Aecom will report full-year sales of $4.78 billion for the current fiscal year, with estimates ranging from $19.61 billion to $20.04 billion. For the next year, analysts expect that the business will report sales of $20.69 billion per share, with estimates ranging from $20.31 billion to $21.16 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Aecom.
Aecom (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. Aecom had a net margin of 2.15% and a return on equity of 11.74%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Aecom’s revenue was up 12.7% compared to the same quarter last year.
ACM has been the topic of several analyst reports. Citigroup boosted their price target on shares of Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Argus boosted their price target on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. DA Davidson boosted their price target on shares of Aecom to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Robert W. Baird raised shares of Aecom from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $45.00 in a report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Aecom from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Aecom currently has a consensus rating of “Hold” and an average target price of $36.40.
In other news, insider Lara Poloni sold 4,976 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total value of $182,619.20. Following the sale, the insider now owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linda M. Griego sold 5,160 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $38.11, for a total transaction of $196,647.60. Following the completion of the sale, the director now directly owns 33,335 shares in the company, valued at approximately $1,270,396.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,072 shares of company stock worth $1,997,651. 0.74% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ACM. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Aecom by 170.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,391 shares of the construction company’s stock worth $201,000 after purchasing an additional 3,398 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Aecom in the 3rd quarter worth about $204,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Aecom in the 4th quarter worth about $205,000. Boston Advisors LLC bought a new stake in shares of Aecom in the 4th quarter worth about $206,000. Finally, Virtu Financial LLC bought a new stake in shares of Aecom in the 4th quarter worth about $213,000. 83.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aecom (NYSE:ACM) opened at $36.66 on Friday. The stock has a market cap of $5,787.39, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.86. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90.
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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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