Wall Street analysts forecast that Aegion Corp (NASDAQ:AEGN) will post sales of $322.57 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Aegion’s earnings. The highest sales estimate is $330.00 million and the lowest is $307.70 million. Aegion posted sales of $321.80 million in the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Aegion will report full-year sales of $322.57 million for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next year, analysts expect that the company will post sales of $1.32 billion per share, with estimates ranging from $1.30 billion to $1.34 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Aegion.

Aegion (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. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. During the same quarter last year, the company earned $0.32 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis.

Several equities research analysts have recently weighed in on AEGN shares. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Craig Hallum lowered Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 4th. Canaccord Genuity raised their target price on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, TheStreet lowered Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Aegion currently has an average rating of “Hold” and a consensus target price of $26.75.

Shares of Aegion (NASDAQ:AEGN) traded up $0.38 during midday trading on Monday, hitting $25.86. The stock had a trading volume of 179,159 shares, compared to its average volume of 147,480. 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 has a 1-year low of $19.11 and a 1-year high of $28.19. The firm has a market cap of $828.78, a price-to-earnings ratio of -21.37, a PEG ratio of 1.48 and a beta of 1.77.

In related news, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now owns 101,430 shares in the company, valued at approximately $2,434,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AEGN. Northern Trust Corp grew its stake in Aegion by 31.1% during the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after buying an additional 203,912 shares during the last quarter. Boston Partners grew its stake in Aegion by 17.8% during the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock worth $28,249,000 after buying an additional 183,579 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Aegion by 65.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 370,323 shares of the construction company’s stock worth $8,103,000 after buying an additional 146,670 shares during the last quarter. First Trust Advisors LP grew its stake in Aegion by 40.8% during the 3rd quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after buying an additional 126,788 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Aegion by 9.3% during the 3rd quarter. Royce & Associates LP now owns 959,893 shares of the construction company’s stock worth $22,346,000 after buying an additional 82,000 shares during the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.

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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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