FY2016 EPS Estimates for Aecom Technology Corp. (ACM) Lowered by DA Davidson
Aecom Technology Corp. (NYSE:ACM) – Investment analysts at DA Davidson lowered their FY2016 earnings per share (EPS) estimates for shares of Aecom Technology Corp. in a note issued to investors on Thursday. DA Davidson analyst J. Rogers now expects that the firm will earn $3.12 per share for the year, down from their prior estimate of $3.26. DA Davidson currently has a “Neutral” rating and a $38.00 target price on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q4 2016 earnings at $0.76 EPS, Q1 2017 earnings at $0.80 EPS and FY2018 earnings at $3.50 EPS.
A number of other research analysts also recently commented on the stock. Deutsche Bank AG cut their target price on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, August 22nd. Citigroup Inc. set a $43.00 target price on shares of Aecom Technology Corp. and gave the company a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research downgraded shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Aecom Technology Corp. in a research report on Wednesday, September 7th. Finally, Standpoint Research reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Aecom Technology Corp. has an average rating of “Buy” and a consensus target price of $36.18.
Shares of Aecom Technology Corp. (NYSE:ACM) traded down 1.13% during mid-day trading on Friday, reaching $28.97. 242,748 shares of the company’s stock were exchanged. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $36.20. The company’s 50-day moving average price is $29.98 and its 200-day moving average price is $31.80. The company has a market capitalization of $4.45 billion, a PE ratio of 50.65 and a beta of 1.79.
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Aecom Technology Corp. (NYSE:ACM) last announced its earnings results on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.11. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. The business earned $4.41 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. Reilly Financial Advisors LLC bought a new position in Aecom Technology Corp. during the second quarter valued at approximately $114,000. Daiwa Securities Group Inc. bought a new position in Aecom Technology Corp. during the second quarter valued at approximately $127,000. FCA Corp TX increased its position in Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock valued at $270,000 after buying an additional 1,500 shares during the period. Front Street Capital Management Inc. bought a new position in Aecom Technology Corp. during the second quarter valued at approximately $299,000. Finally, LS Investment Advisors LLC increased its position in Aecom Technology Corp. by 73.3% in the second quarter. LS Investment Advisors LLC now owns 9,509 shares of the company’s stock valued at $302,000 after buying an additional 4,021 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.
In related news, insider Frederick W. Werner sold 27,787 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $27.83, for a total transaction of $773,312.21. Following the completion of the transaction, the insider now owns 62,936 shares in the company, valued at approximately $1,751,508.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Burke sold 2,909 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $34.00, for a total value of $98,906.00. Following the transaction, the chief executive officer now owns 108,562 shares of the company’s stock, valued at approximately $3,691,108. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.
Aecom Technology Corp. Company Profile
AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.
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