AECOM (NYSE:ACM) Updates FY 2024 Earnings Guidance

AECOM (NYSE:ACMGet Rating) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of $4.75- for the period. The company issued revenue guidance of -.AECOM also updated its FY 2022 guidance to $3.30-$3.50 EPS.

A number of research firms have recently commented on ACM. lowered shares of AECOM from a buy rating to a hold rating in a research note on Monday, May 16th. Royal Bank of Canada initiated coverage on AECOM in a research note on Wednesday, April 27th. They issued an outperform rating and a $91.00 price objective on the stock. Argus raised their target price on AECOM from $80.00 to $82.00 in a research note on Tuesday, February 15th. Finally, Robert W. Baird reduced their target price on AECOM from $88.00 to $81.00 in a research note on Tuesday, May 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $85.44.

Shares of ACM traded up $0.03 during mid-day trading on Wednesday, reaching $68.17. 3,363 shares of the stock traded hands, compared to its average volume of 776,006. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. AECOM has a 1 year low of $58.36 and a 1 year high of $79.97. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 46.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.44. The firm has a fifty day moving average price of $73.45 and a 200 day moving average price of $73.00.

AECOM (NYSE:ACMGet Rating) last announced its earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.39 billion. AECOM had a return on equity of 17.35% and a net margin of 1.59%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, sell-side analysts anticipate that AECOM will post 3.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Wednesday, April 6th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. AECOM’s dividend payout ratio is 41.10%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of AECOM during the 1st quarter valued at about $245,000. BNP Paribas Arbitrage SA lifted its stake in shares of AECOM by 93.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 36,440 shares of the construction company’s stock valued at $2,799,000 after acquiring an additional 17,643 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of AECOM in the 1st quarter valued at about $601,000. Lido Advisors LLC boosted its holdings in shares of AECOM by 9.5% during the first quarter. Lido Advisors LLC now owns 8,734 shares of the construction company’s stock worth $670,000 after purchasing an additional 755 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of AECOM during the first quarter worth about $25,000. 86.15% of the stock is currently owned by institutional investors.

About AECOM (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.

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