North American Construction Group (NYSE:NOA) Issues Earnings Results

North American Construction Group (NYSE:NOA) (TSE:NOA) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. The business had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. North American Construction Group had a return on equity of 22.18% and a net margin of 6.60%. During the same quarter in the prior year, the business earned $0.71 EPS.

North American Construction Group Trading Down 2.3 %

NOA stock traded down $0.49 during trading on Thursday, hitting $20.63. The company had a trading volume of 128,443 shares, compared to its average volume of 66,592. The firm has a 50-day moving average price of $22.98 and a 200-day moving average price of $21.89. North American Construction Group has a 12 month low of $18.02 and a 12 month high of $26.30. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.71. The stock has a market cap of $551.65 million, a price-to-earnings ratio of 13.54 and a beta of 1.52.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 8th were paid a $0.074 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s payout ratio is 18.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. TD Cowen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.