Aegion Corp (NASDAQ:AEGN) – Equities researchers at DA Davidson reduced their Q3 2017 EPS 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 earn $0.21 per share for the quarter, down from their prior forecast of $0.40.

Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). The business had revenue of $354.47 million for the quarter, compared to the consensus estimate of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The firm’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share.

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Several other research analysts also recently issued reports on the stock. Hilliard Lyons upgraded shares of Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, October 4th. Craig Hallum downgraded shares of Aegion Corp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. BidaskClub upgraded shares of Aegion Corp from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $26.00 price target on shares of Aegion Corp in a report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Aegion Corp currently has an average rating of “Buy” and an average price target of $25.17.

Shares of Aegion Corp (NASDAQ:AEGN) opened at 22.49 on Wednesday. Aegion Corp has a 52-week low of $17.85 and a 52-week high of $26.68. The company has a market capitalization of $742.44 million, a price-to-earnings ratio of 16.60 and a beta of 1.69. The company’s 50-day moving average price is $22.37 and its 200-day moving average price is $21.62.

Several large investors have recently made changes to their positions in AEGN. BlackRock Inc. increased its holdings 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 worth $100,010,000 after buying an additional 4,331,939 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Aegion Corp in the second quarter worth $7,762,000. First Trust Advisors LP grew its stake in shares of Aegion Corp by 191.4% in the second quarter. First Trust Advisors LP now owns 311,103 shares of the construction company’s stock worth $6,807,000 after purchasing an additional 204,345 shares during the last quarter. Northern Trust Corp grew its stake in shares of Aegion Corp by 31.1% in the second quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after purchasing an additional 203,912 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in shares of Aegion Corp by 65.6% in the second quarter. Thrivent Financial For Lutherans now owns 370,323 shares of the construction company’s stock worth $8,103,000 after purchasing an additional 146,670 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

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.

Earnings History and Estimates for Aegion Corp (NASDAQ:AEGN)

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