Analysts expect Aegion Corp (NASDAQ:AEGN) to report earnings of $0.42 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Aegion’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. Aegion posted earnings per share of $0.20 in the same quarter last year, which indicates a positive year over year growth rate of 110%. The company is scheduled to issue its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Aegion will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.36. For the next fiscal year, analysts anticipate that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.58 to $1.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Aegion.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Aegion had a negative net margin of 0.55% and a positive return on equity of 7.37%. The firm had revenue of $339.68 million for the quarter, compared to analyst estimates of $344.25 million.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. ValuEngine downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Zacks Investment Research downgraded shares of Aegion from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Stifel Nicolaus upped their price target on shares of Aegion from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $27.00 price target on shares of Aegion in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.33.
Shares of AEGN opened at $19.45 on Wednesday. Aegion has a one year low of $18.26 and a one year high of $28.19. The company has a market cap of $631.01 million, a price-to-earnings ratio of 17.29, a PEG ratio of 1.60 and a beta of 2.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.32 and a quick ratio of 2.05.
Several large investors have recently made changes to their positions in AEGN. Renaissance Technologies LLC increased its holdings in shares of Aegion by 22.2% during the second quarter. Renaissance Technologies LLC now owns 495,000 shares of the construction company’s stock worth $12,746,000 after buying an additional 89,800 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Aegion by 2.0% during the second quarter. BlackRock Inc. now owns 4,471,366 shares of the construction company’s stock worth $115,136,000 after buying an additional 89,427 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Aegion during the first quarter worth $1,670,000. Sterling Capital Management LLC acquired a new position in shares of Aegion during the second quarter worth $1,030,000. Finally, Royce & Associates LP increased its holdings in shares of Aegion by 5.7% during the second quarter. Royce & Associates LP now owns 729,894 shares of the construction company’s stock worth $18,795,000 after buying an additional 39,348 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.
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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