Equities analysts forecast that AECOM (NYSE:ACM) will post $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AECOM’s earnings, with estimates ranging from $0.54 to $0.60. AECOM posted earnings of $0.53 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that AECOM will report full year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.00 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover AECOM.
AECOM (NYSE:ACM) last announced its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. AECOM had a net margin of 1.86% and a return on equity of 12.51%. AECOM’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share.
Several research analysts have weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $4.00 target price (down previously from $40.00) on shares of AECOM in a research note on Tuesday. Credit Suisse Group reaffirmed a “neutral” rating on shares of AECOM in a research note on Tuesday. DA Davidson reissued a “hold” rating and issued a $39.00 price objective on shares of AECOM in a research note on Tuesday. Canaccord Genuity reissued a “hold” rating and issued a $36.00 price objective on shares of AECOM in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.70.
In other AECOM news, CEO Michael S. Burke sold 56,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was 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 directly owns 154,362 shares in the company, valued at approximately $5,711,394. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ACM. Teachers Advisors LLC raised its holdings in AECOM by 6.6% during the first quarter. Teachers Advisors LLC now owns 324,691 shares of the construction company’s stock worth $11,556,000 after purchasing an additional 19,971 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in AECOM during the first quarter worth approximately $278,000. Nomura Asset Management Co. Ltd. raised its holdings in AECOM by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after purchasing an additional 160 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in AECOM by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 56,153 shares of the construction company’s stock worth $1,815,000 after purchasing an additional 2,382 shares in the last quarter. Finally, LS Investment Advisors LLC raised its holdings in AECOM by 18.3% during the second quarter. LS Investment Advisors LLC now owns 12,604 shares of the construction company’s stock worth $407,000 after purchasing an additional 1,947 shares in the last quarter. 82.07% of the stock is currently owned by institutional investors.
AECOM (NYSE:ACM) opened at $34.21 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $5,583.61, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.86 and a beta of 1.71. AECOM has a 12 month low of $30.15 and a 12 month high of $40.72.
AECOM announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 18.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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