Wall Street brokerages predict that Aegion Co. (NASDAQ:AEGN) will announce sales of $299.30 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Aegion’s earnings. The lowest sales estimate is $297.00 million and the highest is $301.50 million. Aegion posted sales of $325.18 million during the same quarter last year, which suggests a negative year-over-year growth rate of 8%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that Aegion will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $1.30 billion to $1.35 billion. For the next financial year, analysts forecast that the company will report sales of $1.38 billion per share, with estimates ranging from $1.37 billion to $1.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). The business had revenue of $337.50 million during the quarter, compared to analysts’ expectations of $332.50 million. Aegion had a negative net margin of 5.37% and a positive return on equity of 6.32%.
Several equities analysts recently commented on the company. ValuEngine lowered Aegion from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised Aegion from a “hold” rating to a “buy” rating in a report on Friday, April 6th. DA Davidson reissued a “neutral” rating on shares of Aegion in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research note on Monday, February 19th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.75.
In other Aegion news, CEO Charles R. Gordon sold 20,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $467,200.00. Following the completion of the transaction, the chief executive officer now owns 306,802 shares in the company, valued at $7,166,894.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael D. White sold 4,141 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $23.36, for a total transaction of $96,733.76. The disclosure for this sale can be found here. Corporate insiders own 3.37% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEGN. SG Americas Securities LLC acquired a new position in Aegion in the third quarter valued at $133,000. Ameriprise Financial Inc. boosted its stake in shares of Aegion by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 267,673 shares of the construction company’s stock worth $6,231,000 after buying an additional 45,130 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Aegion by 8.0% during the third quarter. Wells Fargo & Company MN now owns 30,568 shares of the construction company’s stock worth $712,000 after buying an additional 2,272 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Aegion by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 296,646 shares of the construction company’s stock worth $6,906,000 after buying an additional 18,468 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Aegion by 2.0% during the third quarter. California Public Employees Retirement System now owns 149,600 shares of the construction company’s stock worth $3,483,000 after buying an additional 3,000 shares during the period. Institutional investors own 93.91% of the company’s stock.
NASDAQ:AEGN traded up $0.89 during trading hours on Friday, hitting $24.00. The company’s stock had a trading volume of 107,861 shares, compared to its average volume of 137,349. The firm has a market capitalization of $753.23, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.24 and a quick ratio of 2.00. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19.
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Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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