FY2017 EPS Estimates for Aegion Corp Lowered by DA Davidson (AEGN)
Aegion Corp (NASDAQ:AEGN) – Research analysts at DA Davidson decreased their FY2017 EPS estimates for shares of Aegion Corp in a research report issued on Thursday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $1.18 for the year, down from their previous estimate of $1.35. DA Davidson also issued estimates for Aegion Corp’s FY2018 earnings at $1.35 EPS.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/fy2017-eps-estimates-for-aegion-corp-lowered-by-da-davidson-aegn.html.
Several other research firms also recently weighed in on AEGN. Sidoti downgraded shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Canaccord Genuity reaffirmed 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 report on Monday, May 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.50 price objective on shares of Aegion Corp in a report on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Aegion Corp currently has a consensus rating of “Hold” and a consensus target price of $31.17.
Aegion Corp (NASDAQ:AEGN) opened at 20.12 on Monday. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $22.13. The company has a market capitalization of $671.51 million, a P/E ratio of 14.85 and a beta of 1.67. Aegion Corp has a 52-week low of $17.18 and a 52-week high of $26.68.
Hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new stake in Aegion Corp during the first quarter valued at approximately $592,000. Tudor Investment Corp ET AL increased its stake in Aegion Corp by 16.0% in the first quarter. Tudor Investment Corp ET AL now owns 30,944 shares of the construction company’s stock valued at $709,000 after buying an additional 4,279 shares during the period. BlackRock Inc. increased its stake in Aegion Corp by 12,966.0% in the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after buying an additional 4,331,939 shares during the period. Adams Diversified Equity Fund Inc. increased its stake in Aegion Corp by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 47,600 shares of the construction company’s stock valued at $1,091,000 after buying an additional 1,300 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Aegion Corp during the first quarter valued at approximately $119,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.
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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