$0.35 Earnings Per Share Expected for Aegion Corp (AEGN) This Quarter
Wall Street brokerages predict that Aegion Corp (NASDAQ:AEGN) will post $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aegion Corp’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.40. Aegion Corp reported earnings of $0.32 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The company is expected to announce its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that Aegion Corp will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.24. For the next year, analysts expect that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $351.51 million. During the same quarter in the previous year, the business earned $0.23 EPS. Aegion Corp’s revenue for the quarter was up 18.9% compared to the same quarter last year.
AEGN has been the topic of several recent analyst reports. TheStreet raised shares of Aegion Corp from a “c+” rating to a “b” rating in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “buy” rating and set a $26.00 target price on shares of Aegion Corp in a research report on Thursday, August 10th. Sidoti cut shares of Aegion Corp from a “buy” rating to a “neutral” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and issued a $23.50 price target on shares of Aegion Corp in a report on Monday, August 7th. Finally, BidaskClub cut shares of Aegion Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Aegion Corp has a consensus rating of “Buy” and an average target price of $25.17.
Aegion Corp (NASDAQ AEGN) opened at 22.11 on Friday. Aegion Corp has a 52-week low of $17.85 and a 52-week high of $26.68. The stock has a market cap of $697.53 million, a PE ratio of 16.32 and a beta of 1.69. The firm has a 50 day moving average of $21.82 and a 200-day moving average of $21.64.
A number of institutional investors and hedge funds have recently made changes to their positions in AEGN. BlackRock Inc. boosted its position in shares of Aegion Corp by 12,966.0% during the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after acquiring an additional 4,331,939 shares during the last quarter. Karp Capital Management Corp acquired a new position in Aegion Corp in the first quarter valued at about $592,000. Tudor Investment Corp ET AL lifted its position 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 last quarter. Scout Investments Inc. lifted its position in Aegion Corp by 3.9% in the second quarter. Scout Investments Inc. now owns 144,650 shares of the construction company’s stock valued at $3,165,000 after buying an additional 5,425 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Aegion Corp by 2.3% in the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock valued at $19,208,000 after buying an additional 19,447 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors.
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.
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