Research Analysts Set Expectations for Aecom’s Q3 2018 Earnings (ACM)

Aecom (NYSE:ACM) – Investment analysts at DA Davidson increased their Q3 2018 earnings per share (EPS) estimates for shares of Aecom in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.75 per share for the quarter, up from their prior forecast of $0.74. DA Davidson has a “Neutral” rating and a $40.00 price target on the stock.

Aecom (NYSE:ACM) last released its earnings results on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Aecom had a net margin of 2.15% and a return on equity of 11.74%. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year.

Several other equities analysts have also issued reports on the stock. Citigroup boosted their price target 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 lowered shares of Aecom from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Robert W. Baird raised shares of Aecom from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $45.00 in a report on Wednesday, January 3rd. Barclays assumed coverage on shares of Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price target for the company. Finally, Argus boosted their price target on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.40.

Shares of Aecom (NYSE ACM) opened at $34.57 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90. The company has a market cap of $5,491.33, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.84 and a beta of 1.70.

In related news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $38.26, for a total value of $573,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 157,649 shares in the company, valued at $6,148,311. The disclosure for this sale can be found here. Insiders sold a total of 82,486 shares of company stock valued at $3,170,752 in the last three months. 0.74% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crow Point Partners LLC bought a new stake in Aecom in the 3rd quarter valued at $102,000. Raymond James Financial Services Advisors Inc. bought a new stake in Aecom in the 4th quarter valued at $205,000. Boston Advisors LLC bought a new stake in Aecom in the 4th quarter valued at $206,000. CIBC Asset Management Inc bought a new stake in Aecom in the 3rd quarter valued at $204,000. Finally, Virtu Financial LLC bought a new stake in Aecom in the 4th quarter valued at $213,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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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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