AECOM (NYSE:ACM) Announces Earnings Results, Misses Estimates By $0.01 EPS

AECOM (NYSE:ACM) released its earnings results on Monday. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01), Briefing.com reports. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. AECOM updated its FY24 guidance to $4.35-4.55 EPS and its FY 2024 guidance to 4.350-4.550 EPS.

AECOM Trading Down 0.9 %

NYSE:ACM opened at $92.27 on Thursday. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. 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 stock’s 50 day simple moving average is $93.96 and its 200-day simple moving average is $89.79. The firm has a market cap of $12.55 billion, a P/E ratio of 205.05, a PEG ratio of 1.41 and a beta of 1.23.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ACM. Royal Bank of Canada reaffirmed an “outperform” rating and set a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. Barclays upped their price objective on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. TheStreet raised AECOM from a “c+” rating to a “b” rating in a research report on Monday, February 5th. Truist Financial reaffirmed a “buy” rating and issued a $113.00 price target (up from $106.00) on shares of AECOM in a report on Wednesday. Finally, Robert W. Baird raised their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $107.43.

About AECOM

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.