North American Construction Group (TSE:NOA) Issues Quarterly Earnings Results

North American Construction Group (TSE:NOAGet Free Report) (NYSE:NOA) issued its earnings results on Wednesday. The company reported C$0.32 EPS for the quarter, FiscalAI reports. The company had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%.

North American Construction Group Trading Down 3.7%

North American Construction Group stock traded down C$0.74 during midday trading on Friday, reaching C$19.28. The stock had a trading volume of 88,908 shares, compared to its average volume of 101,805. The firm has a market cap of C$522.55 million, a price-to-earnings ratio of 17.21, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. The firm’s fifty day simple moving average is C$19.27 and its two-hundred day simple moving average is C$19.94. North American Construction Group has a twelve month low of C$16.45 and a twelve month high of C$23.49.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NOA shares. BMO Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Raymond James Financial upped their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets raised their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.71.

Read Our Latest Report on North American Construction Group

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the purchase, the director owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. This trade represents a 0.44% increase in their position. Also, insider North American Construction Group Ltd. purchased 165,000 shares of North American Construction Group stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the completion of the purchase, the insider owned 165,000 shares in the company, valued at C$3,158,100. This represents a ∞ increase in their position. Insiders bought 295,000 shares of company stock worth $5,634,750 over the last quarter. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Company Profile

(Get Free Report)

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

Featured Articles

Earnings History for North American Construction Group (TSE:NOA)

Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.