Zacks: Analysts Expect Aecom (ACM) to Announce $0.55 Earnings Per Share
Analysts expect that Aecom (NYSE:ACM) will post earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Aecom’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.56. Aecom reported earnings of $0.53 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that Aecom will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.70. For the next fiscal year, analysts expect that the company will post earnings of $2.94 per share, with EPS estimates ranging from $2.78 to $3.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Aecom.
Aecom (NYSE:ACM) last released its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. Aecom’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS.
In related news, CEO Michael S. Burke sold 56,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total value of $2,093,648.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
Large investors have recently modified their holdings of the business. Crow Point Partners LLC purchased a new position in Aecom during the third quarter valued at approximately $102,000. Global X Management Co. LLC lifted its holdings in Aecom by 220.7% during the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aecom by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after purchasing an additional 576 shares in the last quarter. GAM Holding AG purchased a new position in Aecom during the second quarter valued at approximately $194,000. Finally, CIBC Asset Management Inc purchased a new position in Aecom during the third quarter valued at approximately $204,000. 82.40% of the stock is currently owned by institutional investors and hedge funds.
Aecom (NYSE ACM) traded up $0.19 during trading hours on Friday, reaching $37.69. 1,165,323 shares of the company’s stock were exchanged, compared to its average volume of 1,228,989. The company has a market cap of $5,940.85, a price-to-earnings ratio of 12.82, a P/E/G ratio of 2.02 and a beta of 1.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. Aecom has a 1-year low of $30.15 and a 1-year high of $40.72.
Aecom announced that its Board of Directors has approved a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 18.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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