$4.78 Billion in Sales Expected for Aecom (ACM) This Quarter

Wall Street brokerages predict that Aecom (NYSE:ACM) will report $4.78 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Aecom’s earnings. The lowest sales estimate is $4.66 billion and the highest is $4.97 billion. Aecom posted sales of $4.43 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The business is scheduled to report its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Aecom will report full year sales of $4.78 billion for the current fiscal year, with estimates ranging from $19.61 billion to $20.04 billion. For the next fiscal year, analysts anticipate that the business will report sales of $20.69 billion per share, with estimates ranging from $20.31 billion to $21.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Aecom.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS.

Several research firms recently weighed in on ACM. DA Davidson raised their price objective on Aecom to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup raised their price objective on Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Aecom in a research note on Tuesday, November 14th. Argus raised their price objective on Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, UBS Group reaffirmed a “buy” rating and issued a $4.00 price objective (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.40.

Aecom (NYSE ACM) opened at $34.57 on Friday. The stock has a market capitalization of $5,491.33, a P/E ratio of 13.66, a PEG ratio of 1.84 and a beta of 1.70. Aecom has a one year low of $30.15 and a one year high of $39.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.21.

In other Aecom news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the sale, the chief executive officer now owns 157,649 shares in the company, valued at approximately $6,148,311. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James H. Fordyce sold 4,390 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $38.00, for a total value of $166,820.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,486 shares of company stock worth $3,170,752. 0.74% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in ACM. Stifel Financial Corp grew its holdings in Aecom by 4.2% during the 2nd quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock valued at $353,000 after buying an additional 441 shares during the last quarter. Royal Bank of Canada grew its holdings in Aecom by 147.2% during the 2nd quarter. Royal Bank of Canada now owns 127,331 shares of the construction company’s stock valued at $4,116,000 after buying an additional 75,829 shares during the last quarter. State Street Corp grew its holdings in Aecom by 1.1% during the 2nd quarter. State Street Corp now owns 3,977,619 shares of the construction company’s stock valued at $128,599,000 after buying an additional 44,044 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Aecom by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 228,998 shares of the construction company’s stock valued at $7,404,000 after buying an additional 4,467 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Aecom during the 2nd quarter valued at $347,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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Aecom Company Profile

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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Earnings History and Estimates for Aecom (NYSE:ACM)

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