Q3 2017 EPS Estimates for Aegion Corp Reduced by Analyst (AEGN)
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.
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