DA Davidson Weighs in on Aegion Corp’s Q4 2017 Earnings (AEGN)
Aegion Corp (NASDAQ:AEGN) – Investment analysts at DA Davidson lowered their Q4 2017 earnings estimates for Aegion Corp in a research note issued on Friday. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings per share of $0.25 for the quarter, down from their prior estimate of $0.26. DA Davidson also issued estimates for Aegion Corp’s Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.44 EPS and FY2019 earnings at $1.55 EPS.
Aegion Corp (NASDAQ:AEGN) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. Aegion Corp had a positive return on equity of 7.62% and a negative net margin of 3.03%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS.
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AEGN has been the topic of several other reports. Canaccord Genuity raised their price objective on Aegion Corp from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Hilliard Lyons raised Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, October 4th. TheStreet lowered Aegion Corp from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. ValuEngine raised Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Sidoti lowered Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.50.
Aegion Corp (AEGN) traded up $0.84 during trading hours on Monday, reaching $27.11. The company’s stock had a trading volume of 434,933 shares, compared to its average volume of 189,858. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. Aegion Corp has a one year low of $19.11 and a one year high of $27.18. The stock has a market capitalization of $877.25, a price-to-earnings ratio of 21.07, a PEG ratio of 2.01 and a beta of 1.68.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in Aegion Corp by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after purchasing an additional 426 shares in the last quarter. SG Americas Securities LLC acquired a new position in Aegion Corp in the first quarter worth about $119,000. Victory Capital Management Inc. acquired a new position in Aegion Corp in the third quarter worth about $131,000. State of Alaska Department of Revenue grew its stake in Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after purchasing an additional 2,874 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Aegion Corp in the third quarter worth about $210,000. Institutional investors and hedge funds own 89.07% of the company’s stock.
In related news, CFO David A. Martin sold 10,000 shares of Aegion Corp stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares in the company, valued at $2,434,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.62% of the stock is owned by company insiders.
Aegion Corp declared that its board has approved a share buyback program on Wednesday, November 1st that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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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