Analysts expect Aegion Co. (NASDAQ:AEGN) to post $333.70 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Aegion’s earnings. The highest sales estimate is $337.40 million and the lowest is $330.00 million. Aegion reported sales of $354.47 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The firm is expected to issue its next earnings results on Tuesday, August 7th.
On average, analysts expect that Aegion will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next financial year, analysts forecast that the company will report sales of $1.39 billion per share, with estimates ranging from $1.38 billion to $1.40 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Aegion had a negative net margin of 5.99% and a positive return on equity of 6.22%. The company had revenue of $337.50 million during the quarter, compared to the consensus estimate of $332.50 million.
A number of analysts have weighed in on AEGN shares. BidaskClub downgraded shares of Aegion from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research downgraded shares of Aegion from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. DA Davidson reissued a “neutral” rating on shares of Aegion in a report on Thursday, March 1st. Finally, ValuEngine raised shares of Aegion from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.75.
In other Aegion news, CAO Michael D. White sold 4,141 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $96,733.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles R. Gordon sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total transaction of $467,200.00. Following the completion of the sale, the chief executive officer now owns 306,802 shares of the company’s stock, valued at approximately $7,166,894.72. The disclosure for this sale can be found here. Insiders sold a total of 31,641 shares of company stock valued at $745,059 in the last 90 days. Corporate insiders own 3.37% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Aegion by 2.3% in the 4th quarter. BlackRock Inc. now owns 4,360,885 shares of the construction company’s stock valued at $110,898,000 after acquiring an additional 99,315 shares in the last quarter. Alambic Investment Management L.P. grew its position in shares of Aegion by 97.8% during the 4th quarter. Alambic Investment Management L.P. now owns 138,912 shares of the construction company’s stock worth $3,533,000 after buying an additional 68,680 shares during the period. KBC Group NV grew its position in shares of Aegion by 22.2% during the 4th quarter. KBC Group NV now owns 170,495 shares of the construction company’s stock worth $4,336,000 after buying an additional 30,924 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Aegion during the 4th quarter worth approximately $601,000. Finally, Rhumbline Advisers grew its position in shares of Aegion by 15.4% during the 4th quarter. Rhumbline Advisers now owns 80,079 shares of the construction company’s stock worth $2,036,000 after buying an additional 10,680 shares during the period. Hedge funds and other institutional investors own 93.35% of the company’s stock.
Aegion traded down $0.16, reaching $24.76, during mid-day trading on Monday, MarketBeat Ratings reports. The company had a trading volume of 87,725 shares, compared to its average volume of 136,666. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.37 and a quick ratio of 2.08. Aegion has a 52 week low of $24.86 and a 52 week high of $25.05. The company has a market cap of $812.23 million, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.44 and a beta of 1.72.
Aegion Company Profile
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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