$349.00 Million in Sales Expected for Aegion Corp (NASDAQ:AEGN) This Quarter
Analysts expect that Aegion Corp (NASDAQ:AEGN) will report $349.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Aegion Corp’s earnings. The lowest sales estimate is $344.00 million and the highest is $359.00 million. Aegion Corp reported sales of $297.69 million during the same quarter last year, which indicates a positive year over year growth rate of 17.2%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, August 1st.
On average, analysts expect that Aegion Corp will report full-year sales of $349.00 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.35 billion. For the next year, analysts anticipate that the company will report sales of $1.31 billion per share, with estimates ranging from $1.28 billion to $1.33 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results 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 business had revenue of $325.18 million during the quarter, compared to analysts’ expectations of $319.43 million. Aegion Corp had a net margin of 3.12% and a return on equity of 7.07%.
AEGN has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 price target on shares of Aegion Corp in a research report on Friday, April 21st. Hilliard Lyons downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Zacks Investment Research raised Aegion Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Craig Hallum raised Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, TheStreet downgraded Aegion Corp from a “b” rating to a “c” rating in a research report on Monday, June 5th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.50.
Shares of Aegion Corp (NASDAQ:AEGN) traded down 0.59% on Wednesday, reaching $23.53. The company had a trading volume of 95,876 shares. The firm has a market capitalization of $752.35 million, a PE ratio of 20.92 and a beta of 1.65. Aegion Corp has a 52-week low of $17.18 and a 52-week high of $26.68. The company has a 50-day moving average price of $21.76 and a 200-day moving average price of $22.11.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Aegion Corp during the first quarter worth about $119,000. State of Alaska Department of Revenue boosted its position in 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 worth $144,000 after buying an additional 2,874 shares during the period. Bank of Montreal Can boosted its position in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock worth $176,000 after buying an additional 3,614 shares during the period. Mason Street Advisors LLC boosted its position in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after buying an additional 480 shares during the period. Finally, RBF Capital LLC purchased a new position in Aegion Corp during the first quarter worth about $209,000. Institutional investors own 87.92% of the company’s stock.
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About Aegion Corp
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.
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