Aegion Corp (NASDAQ:AEGN) Issues Earnings Results

Aegion Corp (NASDAQ:AEGN) released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by $0.08, Bloomberg Earnings reports. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Aegion Corp’s quarterly revenue was up 18.9% compared to the same quarter last year.

Aegion Corp (AEGN) traded up 0.54% during midday trading on Friday, hitting $20.42. The company’s stock had a trading volume of 261,045 shares. Aegion Corp has a one year low of $17.18 and a one year high of $26.68. The company’s 50-day moving average is $22.25 and its 200 day moving average is $22.02. The company has a market cap of $644.21 million, a price-to-earnings ratio of 15.07 and a beta of 1.67.

AEGN has been the subject of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 price objective on shares of Aegion Corp in a report on Friday, April 21st. Hilliard Lyons downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Craig Hallum upgraded Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Sidoti downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, TheStreet downgraded Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.17.

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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.

Earnings History for Aegion Corp (NASDAQ:AEGN)

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