AECOM Technology Corp (ACM) Updates FY14 Earnings Guidance
AECOM Technology Corp (NYSE:ACM) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.50-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.45, StockRatingsNetwork.com reports.
A number of analysts have recently weighed in on ACM shares. Analysts at Bank of America reiterated a buy rating on shares of AECOM Technology Corp in a research note on Friday, July 25th. They now have a $46.00 price target on the stock, up previously from $35.00. On a related note, analysts at Barclays raised their price target on shares of AECOM Technology Corp from $35.00 to $40.00 in a research note on Thursday, July 17th. They now have an equal weight rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of AECOM Technology Corp from $35.00 to $38.00 in a research note on Tuesday, July 15th. They now have a neutral rating on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $37.61.
AECOM Technology Corp (NYSE:ACM) opened at 35.44 on Tuesday. AECOM Technology Corp has a 52-week low of $27.35 and a 52-week high of $37.00. The stock’s 50-day moving average is $33.44 and its 200-day moving average is $31.95. The company has a market cap of $3.517 billion and a P/E ratio of 13.91.
AECOM Technology Corp (NYSE:ACM) last released its earnings data on Tuesday, August 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that AECOM Technology Corp will post $2.48 earnings per share for the current fiscal year.
AECOM Technology Corporation (NYSE:ACM) is a provider of professional technical and management support services for commercial and government clients around the world.
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