Analysts Expect Aegion Corp (AEGN) Will Announce Earnings of $0.42 Per Share
Wall Street analysts expect that Aegion Corp (NASDAQ:AEGN) will post $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Aegion Corp’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.44. Aegion Corp posted earnings per share of $0.23 in the same quarter last year, which would indicate a positive year over year growth rate of 82.6%. The business is expected to issue its next earnings report on Monday, August 7th.
On average, analysts expect that Aegion Corp will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.42. For the next fiscal year, analysts forecast that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last posted its earnings results on Tuesday, May 2nd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $325.18 million for the quarter, compared to analysts’ expectations of $319.43 million. Aegion Corp had a net margin of 3.12% and a return on equity of 7.07%.
AEGN has been the topic of several research analyst reports. TheStreet downgraded Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Craig Hallum raised Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, May 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 price target on shares of Aegion Corp in a report on Monday, May 15th. Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Hilliard Lyons cut Aegion Corp from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Aegion Corp during the first quarter valued at about $119,000. Bank of Montreal Can raised its position in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock worth $176,000 after buying an additional 3,614 shares in the last quarter. Mason Street Advisors LLC raised its position in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after buying an additional 480 shares in the last quarter. RBF Capital LLC bought a new position in Aegion Corp during the first quarter worth about $209,000. Finally, Quadrature Capital Ltd bought a new position in Aegion Corp during the fourth quarter worth about $239,000. Institutional investors own 88.02% of the company’s stock.
Shares of Aegion Corp (AEGN) opened at 21.21 on Wednesday. The stock has a market capitalization of $678.17 million, a PE ratio of 18.85 and a beta of 1.71. The stock has a 50 day moving average price of $20.18 and a 200-day moving average price of $22.52. Aegion Corp has a 1-year low of $17.18 and a 1-year high of $26.68.
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About Aegion Corp
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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