Aecon Group Inc (TSE:ARE) – Equities researchers at National Bank Financial lowered their FY2017 EPS estimates for Aecon Group in a report issued on Wednesday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.52 per share for the year, down from their prior estimate of $0.75.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/17/aecon-group-inc-tseare-forecasted-to-earn-fy2017-earnings-of-0-52-per-share.html.

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Aecon Group in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Aecon Group has an average rating of “Buy” and an average target price of C$19.06.

Aecon Group (ARE) opened at 16.20 on Monday. Aecon Group has a one year low of $13.07 and a one year high of $19.19. The firm has a 50-day moving average of $15.46 and a 200 day moving average of $16.00. The company has a market capitalization of $947.49 million and a P/E ratio of 21.34.

In related news, Director Jenah Susan Wolburgh bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of C$15.20 per share, for a total transaction of C$30,400.00.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 4th. Stockholders of record on Tuesday, July 4th were paid a $0.125 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.09%.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

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