AECOM (ACM) Releases FY18 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.05-2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.86.

Shares of AECOM (ACM) opened at $35.63 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. The stock has a market cap of $5,577.34, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. AECOM has a 1 year low of $30.15 and a 1 year high of $40.72.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. sell-side analysts anticipate that AECOM will post 2.9 EPS for the current fiscal year.

AECOM announced that its board has authorized a share repurchase plan on Thursday, September 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 18.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

ACM has been the topic of a number of recent analyst reports. Credit Suisse Group cut shares of AECOM from an outperform rating to a neutral rating and decreased their price objective for the company from $44.00 to $37.00 in a research note on Monday, July 24th. Zacks Investment Research cut shares of AECOM from a hold rating to a strong sell rating in a research note on Friday, August 11th. Robert W. Baird reissued a hold rating and issued a $36.00 price objective on shares of AECOM in a research note on Tuesday, September 5th. Citigroup Inc. set a $40.00 price objective on shares of AECOM and gave the company a buy rating in a research note on Thursday, August 17th. Finally, Canaccord Genuity reissued a hold rating and issued a $36.00 price objective on shares of AECOM in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. AECOM has a consensus rating of Hold and a consensus price target of $35.20.

In other AECOM news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the sale, the chief executive officer now owns 154,362 shares of the company’s stock, valued at $5,711,394. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The disclosure for this sale can be found here. Insiders own 1.14% 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.

Earnings History and Estimates for AECOM (NYSE:ACM)

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