Equities research analysts forecast that Aecom (NYSE:ACM) will report $0.81 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Aecom’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.87. Aecom reported earnings per share of $0.74 in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, November 12th.
According to Zacks, analysts expect that Aecom will report full year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.63 to $2.72. For the next year, analysts anticipate that the business will post earnings of $3.00 per share, with EPS estimates ranging from $2.88 to $3.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Aecom.
Aecom (NYSE:ACM) last posted its earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Aecom had a net margin of 0.72% and a return on equity of 9.86%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same period in the previous year, the company posted $0.78 earnings per share.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of Aecom from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup reduced their target price on shares of Aecom from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Credit Suisse Group reduced their target price on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Finally, Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Aecom currently has an average rating of “Hold” and an average price target of $35.67.
In related news, insider Lara Poloni sold 1,607 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $32.49, for a total value of $52,211.43. Following the sale, the insider now directly owns 2,288 shares of the company’s stock, valued at $74,337.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.74% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ACM. Moneta Group Investment Advisors LLC bought a new stake in Aecom during the second quarter valued at $185,000. Paloma Partners Management Co bought a new stake in Aecom during the second quarter valued at $242,000. Raymond James & Associates increased its stake in Aecom by 34.6% during the second quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after purchasing an additional 2,044 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in Aecom during the second quarter valued at $300,000. Finally, ING Groep NV bought a new stake in Aecom during the second quarter valued at $342,000. 84.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE ACM traded up $0.47 during trading on Thursday, reaching $30.86. 1,083,493 shares of the stock were exchanged, compared to its average volume of 908,816. Aecom has a twelve month low of $29.13 and a twelve month high of $39.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.96 billion, a P/E ratio of 10.50, a PEG ratio of 2.02 and a beta of 1.58.
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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