$4.63 Billion in Sales Expected for AECOM (ACM) This Quarter
Brokerages forecast that AECOM (NYSE:ACM) will report $4.63 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for AECOM’s earnings, with estimates ranging from $4.56 billion to $4.68 billion. AECOM reported sales of $4.32 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The business is scheduled to report its next earnings report on Monday, November 13th.
On average, analysts expect that AECOM will report full year sales of $4.63 billion for the current year, with estimates ranging from $17.70 billion to $18.02 billion. For the next year, analysts anticipate that the company will post sales of $19.16 billion per share, with estimates ranging from $18.73 billion to $19.77 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover AECOM.
AECOM (NYSE:ACM) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.
ACM has been the topic of several research reports. Credit Suisse Group reissued a “buy” rating and set a $44.00 price objective on shares of AECOM in a research note on Thursday, June 29th. BidaskClub cut shares of AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Zacks Investment Research cut shares of AECOM from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Argus decreased their target price on shares of AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $40.00 target price on shares of AECOM in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. AECOM presently has a consensus rating of “Hold” and a consensus price target of $38.45.
AECOM (NYSE ACM) remained flat at $35.01 during midday trading on Wednesday. The stock had a trading volume of 301,220 shares. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 21.44 and a beta of 1.70. AECOM has a one year low of $26.46 and a one year high of $40.72. The firm’s 50-day moving average is $32.45 and its 200 day moving average is $33.16.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in ACM. Nomura Asset Management Co. Ltd. raised its holdings in shares of AECOM by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after purchasing an additional 160 shares during the last quarter. Financial Architects Inc increased its holdings in AECOM by 1.0% during 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 last quarter. Global X Management Co. LLC increased its holdings in AECOM by 220.7% during the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after buying an additional 3,388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AECOM by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after buying an additional 576 shares during the last quarter. Finally, GAM Holding AG purchased a new stake in AECOM during the second quarter valued at approximately $194,000. 82.06% of the stock is owned by hedge funds and other institutional investors.
AECOM Company Profile
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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