Aegion Corp – Class A Sets New 52-Week High After Better-Than-Expected Earnings (AEGN)
Aegion Corp – Class A (NASDAQ:AEGN)’s share price reached a new 52-week high on Wednesday following a stronger than expected earnings report, Analyst RN reports. The stock traded as high as $25.48 and last traded at $25.05, with a volume of 138,549 shares traded. The stock had previously closed at $23.60.
The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.03. The company had revenue of $306.23 million for the quarter, compared to the consensus estimate of $271.50 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis.
AEGN has been the subject of a number of recent research reports. Analysts at Sidoti downgraded shares of Aegion Corp – Class A from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $27.00 price target on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Aegion Corp – Class A in a research note on Wednesday, April 9th. They set a “buy” rating and a $30.00 price target on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.63.
The stock’s 50-day moving average is $24.22 and its 200-day moving average is $22.21. The company has a market cap of $948.1 million and a price-to-earnings ratio of 20.79.
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