Brokerages predict that Aegion Corp (NASDAQ:AEGN) will announce earnings of $0.36 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Aegion’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.39. Aegion posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Aegion will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.13 to $1.22. For the next fiscal year, analysts forecast that the business will report earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Aegion.
Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The business had revenue of $276.90 million for the quarter, compared to analysts’ expectations of $303.85 million. Aegion had a return on equity of 7.76% and a net margin of 0.08%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share.
A number of brokerages have issued reports on AEGN. Maxim Group began coverage on South Jersey Industries in a report on Tuesday, April 16th. They set a “buy” rating and a $40.00 price target for the company. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Zacks Investment Research downgraded First Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, ValuEngine downgraded China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.50.
Several institutional investors have recently bought and sold shares of AEGN. Cooper Creek Partners Management LLC bought a new position in Aegion in the first quarter worth about $995,000. Laurion Capital Management LP bought a new position in Aegion in the first quarter worth about $218,000. South Dakota Investment Council lifted its holdings in Aegion by 85.7% in the first quarter. South Dakota Investment Council now owns 23,210 shares of the construction company’s stock worth $408,000 after acquiring an additional 10,710 shares during the last quarter. Boston Partners lifted its holdings in Aegion by 2.3% in the first quarter. Boston Partners now owns 1,218,341 shares of the construction company’s stock worth $21,406,000 after acquiring an additional 27,909 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Aegion by 1.3% in the first quarter. Rhumbline Advisers now owns 96,994 shares of the construction company’s stock worth $1,704,000 after acquiring an additional 1,276 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.
NASDAQ AEGN traded up $0.10 during trading on Thursday, reaching $18.10. 95,928 shares of the company’s stock were exchanged, compared to its average volume of 146,073. The firm has a market cap of $564.12 million, a PE ratio of 15.21, a P/E/G ratio of 1.53 and a beta of 2.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.09. The stock has a 50 day simple moving average of $16.53. Aegion has a 1 year low of $14.12 and a 1 year high of $26.11.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.
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