Zacks: Brokerages Expect Aegion Corp (NASDAQ:AEGN) to Announce $0.42 EPS
Equities analysts predict that Aegion Corp (NASDAQ:AEGN) will announce earnings per share (EPS) of $0.42 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Aegion Corp’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.44. Aegion Corp reported earnings per share of $0.23 in the same quarter last year, which would indicate a positive year over year growth rate of 82.6%. The business is expected to report its next earnings report after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Aegion Corp will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.24 to $1.42. For the next fiscal year, analysts anticipate that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, May 2nd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $325.18 million for 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 subject of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and issued a $30.00 price objective on shares of Aegion Corp in a report on Friday, April 21st. Hilliard Lyons downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Craig Hallum raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.50 price objective on shares of Aegion Corp in a research report on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.50.
TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Expect Aegion Corp (NASDAQ:AEGN) to Announce $0.42 EPS” was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/07/24/zacks-brokerages-expect-aegion-corp-nasdaqaegn-to-announce-0-42-eps.html.
Aegion Corp (NASDAQ AEGN) traded down 0.63% during trading on Monday, hitting $23.56. The stock had a trading volume of 9,018 shares. Aegion Corp has a 1-year low of $17.18 and a 1-year high of $26.68. The stock’s 50-day moving average price is $21.56 and its 200-day moving average price is $22.13. The company has a market capitalization of $753.31 million, a P/E ratio of 20.94 and a beta of 1.65.
A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Aegion Corp during the first quarter valued at approximately $119,000. State of Alaska Department of Revenue boosted its stake in shares of Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after buying an additional 2,874 shares during the last quarter. Bank of Montreal Can boosted its stake 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 last quarter. Mason Street Advisors LLC boosted its stake 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 last quarter. Finally, RBF Capital LLC bought a new stake in shares of Aegion Corp during the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 87.92% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aegion Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp and related companies with MarketBeat.com's FREE daily email newsletter.