Aegion Corp (NASDAQ:AEGN) – Research analysts at DA Davidson cut their FY2018 EPS estimates for Aegion in a note issued to investors on Thursday, November 1st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $1.16 for the year, down from their previous forecast of $1.35. DA Davidson also issued estimates for Aegion’s Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.36 EPS and Q4 2019 earnings at $0.34 EPS.
Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Aegion had a negative net margin of 6.33% and a positive return on equity of 6.50%. The company had revenue of $339.68 million during the quarter, compared to analysts’ expectations of $344.25 million.
Several other research firms have also recently commented on AEGN. BidaskClub cut shares of Aegion from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. ValuEngine cut shares of Aegion from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Zacks Investment Research cut shares of Aegion from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Stifel Nicolaus upped their target price on shares of Aegion from $28.00 to $29.00 and gave the company a “hold” rating in a report on Monday, August 6th. Finally, Canaccord Genuity restated a “buy” rating and issued a $27.00 target price on shares of Aegion in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.33.
NASDAQ AEGN traded up $0.87 on Friday, hitting $19.49. 1,513 shares of the stock were exchanged, compared to its average volume of 137,714. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.63. Aegion has a fifty-two week low of $18.26 and a fifty-two week high of $28.19. The stock has a market capitalization of $744.76 million, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.69.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in Aegion during the 2nd quarter worth $123,000. Royal Bank of Canada boosted its stake in Aegion by 123.1% during the 1st quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock worth $164,000 after purchasing an additional 3,939 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Aegion during the 2nd quarter worth $194,000. Xact Kapitalforvaltning AB acquired a new stake in Aegion during the 1st quarter worth $207,000. Finally, BlueMountain Capital Management LLC boosted its stake in Aegion by 293.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock worth $251,000 after purchasing an additional 7,271 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.
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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