$0.80 EPS Expected for AECOM (NYSE:ACM) This Quarter
Wall Street analysts expect AECOM (NYSE:ACM) to post $0.80 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for AECOM’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.76. AECOM reported earnings of $0.81 per share during the same quarter last year, which would suggest a negative year over year growth rate of 1.2%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, August 8th.
On average, analysts expect that AECOM will report full year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.86 to $3.00. For the next financial year, analysts forecast that the firm will report earnings of $2.92 per share, with EPS estimates ranging from $2.77 to $3.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow AECOM.
AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.34. AECOM had a return on equity of 12.40% and a net margin of 1.28%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the company posted $0.87 EPS. AECOM’s revenue for the quarter was up 1.0% on a year-over-year basis.
A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. Zacks Investment Research lowered AECOM from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Deutsche Bank AG reiterated a “hold” rating and set a $38.00 target price (down previously from $41.00) on shares of AECOM in a research note on Saturday, April 22nd. Argus lowered their target price on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $40.00 target price (down previously from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. AECOM currently has a consensus rating of “Hold” and an average target price of $35.30.
AECOM (ACM) traded down 2.69% during trading on Monday, hitting $31.16. The company had a trading volume of 2,160,871 shares. The firm has a 50-day moving average of $32.54 and a 200 day moving average of $34.52. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 21.94 and a beta of 1.75. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72.
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A number of institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after buying an additional 160 shares during the period. Webster Bank N. A. boosted its position in shares of AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock valued at $146,000 after buying an additional 1,170 shares during the period. Financial Architects Inc boosted its position in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of AECOM during the first quarter valued at about $203,000. Finally, First United Bank Trust boosted its position in shares of AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock valued at $219,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.
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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