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.

TRADEMARK VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/06/28/analysts-expect-aegion-corp-aegn-will-announce-earnings-of-0-42-per-share.html.

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.

Get a free copy of the Zacks research report on Aegion Corp (AEGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Aegion Corp (NASDAQ:AEGN)

Receive News & Ratings for Aegion Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp and related companies with MarketBeat.com's FREE daily email newsletter.