Zacks: Brokerages Expect AECOM (ACM) Will Announce Quarterly Sales of $4.58 Billion
Wall Street analysts expect AECOM (NYSE:ACM) to announce $4.58 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for AECOM’s earnings, with the highest sales estimate coming in at $4.79 billion and the lowest estimate coming in at $4.46 billion. AECOM reported sales of $4.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is scheduled to issue its next earnings results on Tuesday, August 8th.
On average, analysts expect that AECOM will report full-year sales of $4.58 billion for the current financial year, with estimates ranging from $17.71 billion to $18.34 billion. For the next fiscal year, analysts anticipate that the company will post sales of $18.92 billion per share, with estimates ranging from $18.48 billion to $19.76 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AECOM.
AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.
ACM has been the topic of several research analyst reports. TheStreet upgraded shares of AECOM from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Argus reduced their price target on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Robert W. Baird cut shares of AECOM from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $40.00 in a research report on Friday, April 7th. Deutsche Bank AG reiterated a “hold” rating and set a $38.00 price target (down from $41.00) on shares of AECOM in a research report on Saturday, April 22nd. Finally, Zacks Investment Research cut shares of AECOM from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. AECOM currently has a consensus rating of “Hold” and a consensus target price of $40.11.
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AECOM (NYSE:ACM) traded up 0.78% during midday trading on Friday, hitting $32.28. 206,393 shares of the stock were exchanged. The company’s 50 day moving average is $32.56 and its 200 day moving average is $35.16. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a market capitalization of $5.03 billion, a P/E ratio of 22.73 and a beta of 1.72.
Several hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its stake in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the period. Webster Bank N. A. raised its stake in AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock worth $146,000 after buying an additional 1,170 shares during the period. Financial Architects Inc raised its stake in AECOM by 30.8% in the first quarter. Financial Architects Inc now owns 4,584 shares of the construction company’s stock worth $163,000 after buying an additional 1,079 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in AECOM during the first quarter worth $203,000. Finally, Laurion Capital Management LP bought a new stake in AECOM during the first quarter worth $221,000. 82.53% of the stock is owned by hedge funds and other institutional investors.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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