Analysts Expect Aegion Corp (AEGN) Will Announce Quarterly Sales of $349.00 Million
Wall Street brokerages expect that Aegion Corp (NASDAQ:AEGN) will report $349.00 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Aegion Corp’s earnings. The lowest sales estimate is $344.00 million and the highest is $359.00 million. Aegion Corp reported sales of $297.69 million during the same quarter last year, which indicates a positive year over year growth rate of 17.2%. The business is expected to announce its next earnings report on Monday, August 7th.
On average, analysts expect that Aegion Corp will report full year sales of $349.00 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.35 billion. For the next financial year, analysts forecast that the business will report sales of $1.31 billion per share, with estimates ranging from $1.28 billion to $1.33 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, May 2nd. The construction company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The business had revenue of $325.18 million during the quarter, compared to the consensus estimate of $319.43 million. Aegion Corp had a return on equity of 7.07% and a net margin of 3.12%.
AEGN has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price on shares of Aegion Corp in a research note on Friday, April 21st. Hilliard Lyons cut Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. TheStreet cut Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Craig Hallum raised Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.00.
Shares of Aegion Corp (NASDAQ:AEGN) traded up 1.76% during midday trading on Friday, hitting $22.02. The stock had a trading volume of 74,232 shares. The company has a market cap of $704.07 million, a PE ratio of 19.57 and a beta of 1.71. Aegion Corp has a 52-week low of $17.18 and a 52-week high of $26.68. The company’s 50 day moving average is $20.28 and its 200 day moving average is $22.35.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 boosted its position in shares of Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares during the period. Mason Street Advisors LLC boosted its position in shares of Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares during the period. RBF Capital LLC purchased a new position in shares of Aegion Corp during the first quarter valued at about $209,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Aegion Corp during the fourth quarter valued at about $239,000. 88.02% of the stock is currently owned by institutional investors.
Aegion Corp Company Profile
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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