AECOM (NYSE:ACM – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the consensus estimate of $4.48. AECOM also updated its FY 2024 guidance to 4.350-4.550 EPS.
Analyst Ratings Changes
ACM has been the topic of several recent analyst reports. Royal Bank of Canada restated an outperform rating and set a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. KeyCorp boosted their price target on shares of AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Truist Financial restated a buy rating and set a $113.00 price objective (up from $106.00) on shares of AECOM in a research report on Wednesday. Robert W. Baird raised their target price on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday. Finally, TheStreet upgraded AECOM from a c+ rating to a b rating in a report on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $107.43.
Read Our Latest Research Report on AECOM
AECOM Stock Performance
AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $0.92 EPS. AECOM’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts expect that AECOM will post 4.43 earnings per share for the current year.
AECOM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.94%. AECOM’s dividend payout ratio (DPR) is currently 195.56%.
About AECOM
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in 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 public and private clients.
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