FY2017 EPS Estimates for Aegion Corp (AEGN) Reduced by Analyst

Aegion Corp (NASDAQ:AEGN) – Research analysts at DA Davidson lowered their FY2017 earnings estimates for shares of Aegion Corp in a research report issued to clients and investors on Thursday. DA Davidson analyst B. Thielman now expects that the construction company will earn $1.18 per share for the year, down from their previous forecast of $1.35. DA Davidson also issued estimates for Aegion Corp’s FY2018 earnings at $1.35 EPS.

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

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Other research analysts have also issued research reports about the company. TheStreet raised Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $23.50 price target on shares of Aegion Corp in a research report on Monday. Zacks Investment Research downgraded Aegion Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Aegion Corp from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $30.00 price target on shares of Aegion Corp in a research report on Monday, May 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Aegion Corp has an average rating of “Hold” and a consensus target price of $31.17.

Aegion Corp (AEGN) opened at 20.68 on Monday. The company has a market cap of $690.20 million, a PE ratio of 15.26 and a beta of 1.67. The stock has a 50 day moving average of $22.35 and a 200-day moving average of $22.13. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68.

Several hedge funds have recently modified their holdings of the stock. Ngam Advisors L.P. increased its stake in shares of Aegion Corp by 0.6% in the first quarter. Ngam Advisors L.P. now owns 11,429 shares of the construction company’s stock worth $262,000 after buying an additional 64 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Aegion Corp by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the construction company’s stock worth $316,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Aegion Corp by 0.6% in the first quarter. Arizona State Retirement System now owns 17,573 shares of the construction company’s stock worth $403,000 after buying an additional 100 shares during the period. NGAM Advisors L.P. increased its stake in shares of Aegion Corp by 1.2% in the second quarter. NGAM Advisors L.P. now owns 11,569 shares of the construction company’s stock worth $253,000 after buying an additional 140 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Aegion Corp by 0.6% in the first quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock worth $592,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Aegion Corp Company Profile

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 and Estimates for Aegion Corp (NASDAQ:AEGN)

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