Aegion Corp (AEGN) Expected to Announce Earnings of $0.35 Per Share
Analysts predict that Aegion Corp (NASDAQ:AEGN) will post earnings of $0.35 per share for the current quarter, according to Zacks. Three analysts have made estimates for Aegion Corp’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.28. Aegion Corp reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.
On average, analysts expect that Aegion Corp will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $0.98 to $1.15. For the next financial year, analysts expect that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.35. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last posted its 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 firm had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year.
A number of brokerages recently commented on AEGN. TheStreet upgraded Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Aegion Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Aegion Corp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Canaccord Genuity restated a “buy” rating and issued a $26.00 price target on shares of Aegion Corp in a research report on Thursday, August 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $23.50 price target on shares of Aegion Corp in a research report on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.17.
Shares of Aegion Corp (AEGN) opened at 22.49 on Wednesday. The stock has a 50 day moving average of $22.37 and a 200 day moving average of $21.62. The company has a market cap of $742.44 million, a price-to-earnings ratio of 16.60 and a beta of 1.68. Aegion Corp has a 12-month low of $17.85 and a 12-month high of $26.68.
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Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Aegion Corp by 12,966.0% during the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after purchasing an additional 4,331,939 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Aegion Corp by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock valued at $69,885,000 after purchasing an additional 128,485 shares in the last quarter. Boston Partners boosted its stake in shares of Aegion Corp by 3.2% during the second quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock valued at $22,534,000 after purchasing an additional 32,205 shares in the last quarter. State Street Corp boosted its stake in shares of Aegion Corp by 0.9% during the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after purchasing an additional 8,122 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Aegion Corp by 2.3% during the second quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock valued at $19,208,000 after purchasing an additional 19,447 shares in the last quarter. 88.57% of the stock is currently owned by hedge funds and other 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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