Aegion Corp (AEGN) Expected to Announce Earnings of $0.23 Per Share

Brokerages expect Aegion Corp (NASDAQ:AEGN) to announce earnings of $0.23 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Aegion Corp’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. Aegion Corp reported earnings of $0.44 per share in the same quarter last year, which would suggest a negative year over year growth rate of 47.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Aegion Corp will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.14. For the next fiscal year, analysts forecast that the company will report earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.44. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Aegion Corp.

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

AEGN has been the topic of a number of research analyst reports. Hilliard Lyons upgraded Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, October 4th. BidaskClub upgraded Aegion Corp from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Aegion Corp in a report on Thursday, August 10th. Finally, TheStreet upgraded Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.50.

Aegion Corp (NASDAQ AEGN) traded up $0.07 on Tuesday, hitting $26.96. The stock had a trading volume of 169,800 shares, compared to its average volume of 208,625. The stock has a market capitalization of $874.65, a P/E ratio of 21.01, a P/E/G ratio of 2.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36. Aegion Corp has a 1 year low of $19.11 and a 1 year high of $27.48.

Aegion Corp announced that its Board of Directors has approved a share repurchase program on Wednesday, November 1st that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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In related news, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares in the company, valued at approximately $2,434,320. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AEGN. BlackRock Inc. raised its holdings in Aegion Corp by 12,966.0% in the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after acquiring an additional 4,331,939 shares during the last quarter. River Road Asset Management LLC purchased a new position in Aegion Corp in the 2nd quarter worth approximately $7,762,000. First Trust Advisors LP raised its holdings in Aegion Corp by 191.4% in the 2nd quarter. First Trust Advisors LP now owns 311,103 shares of the construction company’s stock worth $6,807,000 after acquiring an additional 204,345 shares during the last quarter. Northern Trust Corp raised its holdings in Aegion Corp by 31.1% in the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after acquiring an additional 203,912 shares during the last quarter. Finally, Boston Partners raised its holdings in Aegion Corp by 17.8% in the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock worth $28,249,000 after acquiring an additional 183,579 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.

About Aegion Corp

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 Corp (NASDAQ:AEGN)

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