Equities research analysts forecast that AECOM (NYSE:ACM) will post $0.65 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AECOM’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.62. AECOM posted earnings per share of $0.89 in the same quarter last year, which would suggest a negative year over year growth rate of 27%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 8th.
According to Zacks, analysts expect that AECOM will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.59 to $2.73. For the next year, analysts anticipate that the firm will report earnings of $3.00 per share, with EPS estimates ranging from $2.87 to $3.14. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for AECOM.
AECOM (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. AECOM had a net margin of 2.15% and a return on equity of 11.74%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share.
A number of research firms have recently commented on ACM. Zacks Investment Research cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson boosted their target price on shares of AECOM to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Citigroup boosted their target price on shares of AECOM from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Robert W. Baird raised shares of AECOM from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. AECOM presently has a consensus rating of “Hold” and a consensus price target of $36.73.
In related news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the sale, the insider now owns 114,095 shares of the company’s stock, valued at approximately $4,221,515. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $182,619.20. Following the sale, the insider now directly owns 3,895 shares of the company’s stock, valued at approximately $142,946.50. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ACM. Wells Fargo & Company MN grew its stake in shares of AECOM by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 326,329 shares of the construction company’s stock valued at $12,013,000 after buying an additional 10,975 shares during the period. Allianz Asset Management GmbH grew its stake in shares of AECOM by 44.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 155,933 shares of the construction company’s stock valued at $5,740,000 after buying an additional 47,791 shares during the period. California Public Employees Retirement System grew its stake in shares of AECOM by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 312,779 shares of the construction company’s stock valued at $11,513,000 after buying an additional 8,261 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of AECOM by 10.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 603,064 shares of the construction company’s stock valued at $22,199,000 after buying an additional 55,522 shares during the period. Finally, Pure Financial Advisors Inc. purchased a new stake in shares of AECOM in the 4th quarter valued at approximately $244,000. 84.11% of the stock is owned by institutional investors and hedge funds.
ACM stock opened at $36.01 on Wednesday. The stock has a market cap of $5,811.26, a PE ratio of 12.25, a P/E/G ratio of 2.44 and a beta of 1.65. 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 52 week low of $30.15 and a 52 week high of $39.90.
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AECOM Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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