Equities research analysts predict that Aecom (NYSE:ACM) will announce $0.57 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Aecom’s earnings, with estimates ranging from $0.56 to $0.57. Aecom posted earnings of $0.79 per share in the same quarter last year, which indicates a negative year over year growth rate of 27.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 10th.
On average, analysts expect that Aecom will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.12. For the next financial year, analysts expect that the business will post earnings of $2.42 per share, with EPS estimates ranging from $1.83 to $2.94. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Aecom.
Aecom (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.15 billion. Aecom had a negative net margin of 2.91% and a positive return on equity of 9.85%. Aecom’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share.
A number of equities analysts have weighed in on ACM shares. Bank of America reaffirmed a “buy” rating and set a $46.00 price target on shares of Aecom in a research note on Tuesday, June 2nd. Credit Suisse Group increased their price target on shares of Aecom from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Aecom currently has a consensus rating of “Buy” and a consensus target price of $46.44.
In related news, insider Chuan-Sheng Chiao sold 21,594 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $38.57, for a total transaction of $832,880.58. Following the completion of the sale, the insider now directly owns 38,214 shares of the company’s stock, valued at approximately $1,473,913.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.87% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its position in Aecom by 2,034.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 683 shares of the construction company’s stock valued at $26,000 after purchasing an additional 651 shares during the last quarter. Ameritas Investment Company LLC bought a new stake in Aecom in the 1st quarter valued at about $28,000. Bartlett & Co. LLC bought a new stake in Aecom in the 1st quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Aecom in the 2nd quarter valued at about $75,000. Finally, Captrust Financial Advisors bought a new stake in Aecom in the 2nd quarter valued at about $83,000. 88.65% of the stock is owned by institutional investors and hedge funds.
NYSE:ACM opened at $39.60 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The company has a market cap of $6.35 billion, a P/E ratio of -14.40, a P/E/G ratio of 1.52 and a beta of 1.69. Aecom has a fifty-two week low of $21.76 and a fifty-two week high of $52.40. The firm’s 50 day moving average is $38.34 and its two-hundred day moving average is $36.35.
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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