Research Analysts Issue Forecasts for AECOM’s Q3 2021 Earnings (NYSE:ACM)

AECOM (NYSE:ACM) – Stock analysts at KeyCorp upped their Q3 2021 earnings per share estimates for shares of AECOM in a research report issued to clients and investors on Wednesday, May 12th. KeyCorp analyst S. Eastman now anticipates that the construction company will earn $0.73 per share for the quarter, up from their prior estimate of $0.69. KeyCorp currently has a “Overweight” rating and a $78.00 target price on the stock. KeyCorp also issued estimates for AECOM’s Q4 2021 earnings at $0.78 EPS, FY2021 earnings at $2.79 EPS and FY2023 earnings at $3.70 EPS.

AECOM (NYSE:ACM) last released its quarterly earnings data on Sunday, May 9th. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.21 billion. AECOM had a positive return on equity of 9.37% and a negative net margin of 1.41%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS.

Other research analysts also recently issued reports about the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on AECOM from $69.00 to $80.00 in a research note on Wednesday, April 21st. Credit Suisse Group upped their target price on AECOM from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday. TheStreet raised AECOM from a “c+” rating to a “b-” rating in a report on Tuesday, February 9th. Barclays upped their target price on AECOM from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Finally, Citigroup upped their price target on AECOM from $69.00 to $80.00 in a research report on Wednesday, April 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.50.

Shares of NYSE ACM opened at $66.86 on Thursday. AECOM has a twelve month low of $30.13 and a twelve month high of $70.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of -56.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The business has a 50 day simple moving average of $66.48 and a 200-day simple moving average of $56.24.

A number of hedge funds have recently modified their holdings of the business. Heritage Wealth Advisors increased its position in AECOM by 46.2% in the 1st quarter. Heritage Wealth Advisors now owns 475 shares of the construction company’s stock worth $30,000 after purchasing an additional 150 shares during the last quarter. CI Investments Inc. boosted its stake in shares of AECOM by 2.7% during the 4th quarter. CI Investments Inc. now owns 7,723 shares of the construction company’s stock worth $384,000 after acquiring an additional 200 shares in the last quarter. The PNC Financial Services Group Inc. boosted its stake in shares of AECOM by 1.8% during the 1st quarter. The PNC Financial Services Group Inc. now owns 12,827 shares of the construction company’s stock worth $823,000 after acquiring an additional 230 shares in the last quarter. Mcmillion Capital Management Inc. boosted its stake in shares of AECOM by 1.0% during the 4th quarter. Mcmillion Capital Management Inc. now owns 25,743 shares of the construction company’s stock worth $1,281,000 after acquiring an additional 247 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of AECOM by 5.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,841 shares of the construction company’s stock worth $311,000 after acquiring an additional 265 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

AECOM Company Profile

AECOM, together with its subsidiaries, delivers professional services to program and construction management in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company engages in planning, consulting, architectural, engineering, and construction management services for commercials and governments clients.

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