Aecon Group Inc (TSE:ARE) Forecasted to Earn FY2017 Earnings of $0.52 Per Share
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.
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.
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