Analysts predict that Aegion Corp (NASDAQ:AEGN) will report sales of $321.33 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Aegion’s earnings, with the lowest sales estimate coming in at $304.00 million and the highest estimate coming in at $330.00 million. Aegion reported sales of $321.80 million in the same quarter last year, which indicates a negative year over year growth rate of 0.1%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Aegion will report full-year sales of $321.33 million for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next financial year, analysts expect that the firm will report sales of $1.32 billion per share, with estimates ranging from $1.30 billion to $1.34 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Aegion.

Aegion (NASDAQ:AEGN) last released its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.98 million. During the same period in the previous year, the business earned $0.32 earnings per share. Aegion’s quarterly revenue was up 10.8% compared to the same quarter last year.

Several equities analysts recently issued reports on AEGN shares. Stifel Nicolaus reissued a “hold” rating and issued a $23.50 target price on shares of Aegion in a research report on Monday, August 7th. BidaskClub raised Aegion from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of Aegion in a research report on Thursday, August 10th. Craig Hallum downgraded Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.50.

In other Aegion news, EVP David F. Morris sold 9,239 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David A. Martin sold 10,000 shares of the 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 sale, the chief financial officer now directly owns 101,430 shares in the company, valued at $2,434,320. The disclosure for this sale can be found here. 3.62% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in shares of Aegion by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Aegion in the third quarter worth $131,000. SG Americas Securities LLC acquired a new stake in shares of Aegion in the third quarter worth $133,000. State of Alaska Department of Revenue lifted its stake in shares of Aegion 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 buying an additional 2,874 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Aegion in the third quarter worth $210,000. 92.99% of the stock is currently owned by institutional investors.

Shares of Aegion (NASDAQ AEGN) traded up $0.18 on Tuesday, hitting $27.43. The stock had a trading volume of 105,500 shares, compared to its average volume of 206,112. Aegion has a 12-month low of $19.11 and a 12-month high of $28.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36. The stock has a market cap of $892.21, a price-to-earnings ratio of 21.29, a PEG ratio of 2.02 and a beta of 1.76.

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

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