Wall Street brokerages expect Aecom (NYSE:ACM) to post earnings of $0.67 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Aecom’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.74. Aecom posted earnings per share of $0.78 during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.1%. The company is expected to announce its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Aecom will report full year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.63 to $2.76. For the next financial year, analysts expect that the business will post earnings of $2.99 per share, with EPS estimates ranging from $2.91 to $3.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Aecom.
Aecom (NYSE:ACM) last announced its earnings results on Tuesday, May 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Aecom had a return on equity of 10.60% and a net margin of 0.95%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS.
A number of analysts recently issued reports on ACM shares. Zacks Investment Research raised Aecom from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, March 26th. TheStreet cut Aecom from a “b” rating to a “c+” rating in a research report on Tuesday, May 8th. Canaccord Genuity reissued a “hold” rating and issued a $40.00 target price on shares of Aecom in a research report on Wednesday, May 9th. Finally, ValuEngine cut Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Aecom has a consensus rating of “Hold” and a consensus target price of $37.00.
Shares of Aecom traded down $0.33, reaching $32.40, during trading hours on Tuesday, according to Marketbeat.com. The stock had a trading volume of 376,163 shares, compared to its average volume of 887,377. The stock has a market cap of $5.30 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.68. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90.
In other Aecom news, insider Chuan-Sheng Chiao sold 19,700 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $33.39, for a total transaction of $657,783.00. Following the completion of the sale, the insider now directly owns 39,816 shares of the company’s stock, valued at approximately $1,329,456.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of ACM. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Aecom by 170.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,391 shares of the construction company’s stock worth $201,000 after buying an additional 3,398 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Aecom during the 4th quarter worth approximately $205,000. Virtu Financial LLC purchased a new position in shares of Aecom during the 4th quarter worth approximately $213,000. Princeton Capital Management LLC purchased a new position in shares of Aecom during the 4th quarter worth approximately $220,000. Finally, Conning Inc. purchased a new position in shares of Aecom during the 1st quarter worth approximately $336,000. 85.39% of the stock is owned by institutional investors.
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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