FY2017 Earnings Estimate for Aegion Corp (AEGN) Issued By DA Davidson
Aegion Corp (NASDAQ:AEGN) – Research analysts at DA Davidson dropped their FY2017 earnings estimates for shares of Aegion Corp in a research report issued on Monday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $1.00 per share for the year, down from their previous estimate of $1.18.
AEGN has been the topic of a number of other research reports. Zacks Investment Research lowered Aegion Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Sidoti lowered Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 2nd. Craig Hallum lowered Aegion Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $23.50 target price on shares of Aegion Corp in a research report on Friday, July 7th. Finally, Canaccord Genuity boosted their target price on Aegion Corp from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.17.
Shares of Aegion Corp (NASDAQ AEGN) opened at 22.46 on Tuesday. The stock has a market capitalization of $741.45 million, a P/E ratio of 16.58 and a beta of 1.68. The stock has a 50 day moving average price of $22.37 and a 200 day moving average price of $21.62. Aegion Corp has a one year low of $17.85 and a one year high of $26.68.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the 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 analysts’ expectations of $351.51 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of AEGN. Wells Fargo & Company MN increased its position in shares of Aegion Corp by 0.6% during the first quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock worth $592,000 after acquiring an additional 150 shares during the period. Ameriprise Financial Inc. increased its position in shares of Aegion Corp by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 184,613 shares of the construction company’s stock worth $4,230,000 after acquiring an additional 11,865 shares during the period. Mason Street Advisors LLC increased its position in shares of Aegion Corp by 6.5% during the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after acquiring an additional 480 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Aegion Corp during the first quarter worth $119,000. Finally, Arizona State Retirement System increased its position in shares of Aegion Corp by 0.6% during the first quarter. Arizona State Retirement System now owns 17,573 shares of the construction company’s stock worth $403,000 after acquiring an additional 100 shares during the period. 88.57% 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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