Analysts Issue Forecasts for Aecom’s Q4 2018 Earnings (ACM)

Aecom (NYSE:ACM) – Research analysts at DA Davidson reduced their Q4 2018 earnings per share (EPS) estimates for shares of Aecom in a report released on Wednesday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.74. DA Davidson currently has a “Neutral” rating and a $40.00 target price on the stock. DA Davidson also issued estimates for Aecom’s FY2019 earnings at $2.95 EPS.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Aecom had a net margin of 2.15% and a return on equity of 12.02%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share.

ACM has been the subject of several other reports. Citigroup increased their price objective on shares of Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. UBS Group reissued a “buy” rating and set a $4.00 target price (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Argus increased their target price on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Aecom presently has an average rating of “Hold” and an average price target of $36.40.

Aecom (ACM) traded down $0.04 during trading on Friday, hitting $34.46. 1,238,321 shares of the stock traded hands, compared to its average volume of 869,736. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $5,790.57, a PE ratio of 13.53, a PEG ratio of 1.94 and a beta of 1.70. Aecom has a twelve month low of $30.15 and a twelve month high of $39.90.

In related news, Director Rob J. Routs sold 6,468 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the sale, the director now owns 18,904 shares in the company, valued at approximately $701,716.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total transaction of $583,200.00. Following the completion of the sale, the insider now owns 129,095 shares of the company’s stock, valued at approximately $5,019,213.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,486 shares of company stock valued at $3,170,752. Company insiders own 0.74% of the company’s stock.

Several large investors have recently modified their holdings of ACM. Russell Investments Group Ltd. lifted its position in shares of Aecom by 36.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock valued at $36,240,000 after acquiring an additional 264,266 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Aecom by 33.5% in the 3rd quarter. First Trust Advisors LP now owns 982,367 shares of the construction company’s stock valued at $36,161,000 after acquiring an additional 246,658 shares in the last quarter. Lodge Hill Capital LLC purchased a new stake in shares of Aecom in the 3rd quarter valued at approximately $5,522,000. Boston Partners lifted its position in shares of Aecom by 88.8% in the 4th quarter. Boston Partners now owns 313,170 shares of the construction company’s stock valued at $11,634,000 after acquiring an additional 147,291 shares in the last quarter. Finally, Three Peaks Capital Management LLC lifted its position in shares of Aecom by 77.0% in the 4th quarter. Three Peaks Capital Management LLC now owns 271,174 shares of the construction company’s stock valued at $10,074,000 after acquiring an additional 117,936 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

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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 and Estimates for Aecom (NYSE:ACM)

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