$4.56 Billion in Sales Expected for AECOM (ACM) This Quarter
Equities research analysts predict that AECOM (NYSE:ACM) will report $4.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AECOM’s earnings, with the highest sales estimate coming in at $4.69 billion and the lowest estimate coming in at $4.46 billion. AECOM posted sales of $4.41 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, August 8th.
On average, analysts expect that AECOM will report full-year sales of $4.56 billion for the current fiscal year, with estimates ranging from $17.71 billion to $18.26 billion. For the next fiscal year, analysts anticipate that the business will post sales of $19.01 billion per share, with estimates ranging from $18.48 billion to $19.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AECOM.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year.
A number of equities research analysts recently weighed in on ACM shares. Credit Suisse Group restated a “buy” rating and set a $44.00 price objective on shares of AECOM in a research report on Thursday, June 29th. UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a research report on Monday, June 26th. Citigroup Inc. restated a “buy” rating and set a $40.00 price objective (down previously from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. Zacks Investment Research upgraded AECOM from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, April 18th. Finally, Argus reduced their price objective on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.30.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of AECOM by 1.4% in the first quarter. FMR LLC now owns 23,297,186 shares of the construction company’s stock worth $829,147,000 after buying an additional 332,588 shares in the last quarter. Vanguard Group Inc. increased its position in shares of AECOM by 12.4% in the first quarter. Vanguard Group Inc. now owns 13,266,548 shares of the construction company’s stock worth $472,156,000 after buying an additional 1,466,683 shares in the last quarter. BlackRock Inc. increased its position in shares of AECOM by 15,313.2% in the first quarter. BlackRock Inc. now owns 12,670,699 shares of the construction company’s stock worth $450,949,000 after buying an additional 12,588,492 shares in the last quarter. Primecap Management Co. CA increased its position in shares of AECOM by 16.3% in the first quarter. Primecap Management Co. CA now owns 8,636,075 shares of the construction company’s stock worth $307,358,000 after buying an additional 1,212,050 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AECOM by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,570,122 shares of the construction company’s stock worth $162,648,000 after buying an additional 430,748 shares in the last quarter. 82.49% of the stock is currently owned by institutional investors.
AECOM (NYSE ACM) opened at 31.98 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 22.52 and a beta of 1.75. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72. The stock’s 50 day moving average price is $32.54 and its 200 day moving average price is $34.52.
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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