Wall Street brokerages expect that Aecom (NYSE:ACM) will report $0.52 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aecom’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.54. Aecom reported earnings of $0.57 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 8.8%. The business is scheduled to report its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Aecom will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.67 to $2.80. For the next financial year, analysts forecast that the company will report earnings of $3.12 per share, with EPS estimates ranging from $3.06 to $3.19. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Aecom.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Monday, November 12th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Aecom had a net margin of 0.68% and a return on equity of 10.16%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis.
A number of analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $36.00 price target (down previously from $41.00) on shares of Aecom in a report on Monday, November 12th. ValuEngine upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Citigroup cut their price target on shares of Aecom from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. Barclays set a $30.00 price target on shares of Aecom and gave the stock a “sell” rating in a report on Tuesday, November 13th. Finally, UBS Group set a $40.00 price target on shares of Aecom and gave the stock a “buy” rating in a report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $36.75.
In related news, EVP Carla J. Christofferson sold 15,756 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $27.62, for a total transaction of $435,180.72. Following the completion of the transaction, the executive vice president now owns 18,203 shares of the company’s stock, valued at approximately $502,766.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.74% of the company’s stock.
Several large investors have recently bought and sold shares of ACM. Moneta Group Investment Advisors LLC purchased a new position in Aecom in the 2nd quarter valued at approximately $185,000. Paloma Partners Management Co purchased a new position in Aecom in the 2nd quarter valued at approximately $242,000. Raymond James & Associates boosted its position in Aecom by 34.6% in the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after buying an additional 2,044 shares during the period. Laurion Capital Management LP purchased a new position in Aecom in the 2nd quarter valued at approximately $399,000. Finally, Riverhead Capital Management LLC boosted its position in Aecom by 22.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 14,983 shares of the construction company’s stock valued at $489,000 after buying an additional 2,700 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ACM traded down $0.02 during midday trading on Wednesday, reaching $29.17. 6,188 shares of the stock were exchanged, compared to its average volume of 848,026. The company has a market capitalization of $4.50 billion, a P/E ratio of 10.93, a P/E/G ratio of 3.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.16 and a quick ratio of 1.16. Aecom has a twelve month low of $24.83 and a twelve month high of $39.90.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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