AECOM (NYSE:ACM) Shares Down 4.1% After Earnings Miss

AECOM (NYSE:ACM)’s stock price traded down 4.1% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $91.50 and last traded at $92.35. 119,975 shares changed hands during trading, a decline of 83% from the average session volume of 717,356 shares. The stock had previously closed at $96.29.

The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is 195.56%.

Wall Street Analysts Forecast Growth

ACM has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. KeyCorp boosted their price objective on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Citigroup upped their price objective on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $106.43.

Hedge Funds Weigh In On AECOM

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in AECOM in the 3rd quarter valued at about $352,000. Commonwealth Equity Services LLC boosted its stake in shares of AECOM by 26.2% in the third quarter. Commonwealth Equity Services LLC now owns 52,777 shares of the construction company’s stock valued at $4,383,000 after buying an additional 10,969 shares during the period. Forsta AP Fonden grew its position in AECOM by 3.1% during the third quarter. Forsta AP Fonden now owns 33,000 shares of the construction company’s stock worth $2,740,000 after buying an additional 1,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in AECOM by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 743,393 shares of the construction company’s stock worth $61,731,000 after acquiring an additional 61,898 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in AECOM by 0.5% in the 3rd quarter. Perigon Wealth Management LLC now owns 46,987 shares of the construction company’s stock valued at $3,902,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Trading Down 3.2 %

The stock has a market capitalization of $12.67 billion, a P/E ratio of 207.07, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $93.90 and a two-hundred day moving average price of $89.77.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.