AECOM (ACM) Releases Earnings Results, Meets Estimates

AECOM (NYSE:ACM) issued its earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78, Bloomberg Earnings reports. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. AECOM updated its FY17 guidance to $2.80-3.20 EPS.

Shares of AECOM (NYSE ACM) traded down 1.64% on Friday, reaching $30.58. 769,487 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $32.11 and its 200-day moving average price is $33.92. The stock has a market cap of $4.79 billion, a P/E ratio of 18.73 and a beta of 1.75. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72.

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Institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in AECOM during the second quarter worth about $861,000. Ameritas Investment Partners Inc. boosted its position in AECOM by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 46,604 shares of the construction company’s stock worth $1,507,000 after buying an additional 819 shares during the last quarter. Delphi Management Inc. MA acquired a new position in AECOM during the second quarter worth about $640,000. Scotia Capital Inc. boosted its position in AECOM by 68.9% in the second quarter. Scotia Capital Inc. now owns 25,107 shares of the construction company’s stock worth $812,000 after buying an additional 10,239 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in AECOM during the second quarter worth about $347,000. Hedge funds and other institutional investors own 82.55% of the company’s stock.

Several research analysts have recently issued reports on ACM shares. Zacks Investment Research lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $38.00 price objective (down previously from $41.00) on shares of AECOM in a research note on Saturday, April 22nd. Argus reduced their price objective on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. BidaskClub lowered shares of AECOM from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, UBS AG set a $38.00 price objective on shares of AECOM and gave the stock a “buy” rating in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. AECOM presently has a consensus rating of “Hold” and an average price target of $35.10.

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.

Earnings History for AECOM (NYSE:ACM)

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