Aecom (ACM) Expected to Post Earnings of $0.50 Per Share

Wall Street analysts expect Aecom (NYSE:ACM) to report earnings of $0.50 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Aecom’s earnings, with estimates ranging from $0.47 to $0.53. Aecom posted earnings of $0.57 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12.3%. The company is scheduled to announce its next earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that Aecom will report full year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.67 to $2.88. For the next financial year, analysts forecast that the company will post earnings of $3.11 per share, with EPS estimates ranging from $3.06 to $3.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Aecom.

Aecom (NYSE:ACM) last announced its quarterly earnings results on Monday, November 12th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.27 billion. Aecom had a net margin of 0.68% and a return on equity of 10.16%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS.

A number of equities research analysts have issued reports on ACM shares. Zacks Investment Research lowered shares of Aecom from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine raised shares of Aecom from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Citigroup lowered their price target on shares of Aecom from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. UBS Group set a $40.00 target price on shares of Aecom and gave the stock a “buy” rating in a report on Tuesday, November 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $36.00 target price (down from $41.00) on shares of Aecom in a report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Aecom has a consensus rating of “Hold” and a consensus target price of $36.75.

Aecom stock traded up $0.75 during trading hours on Friday, reaching $32.16. The stock had a trading volume of 1,186,342 shares, compared to its average volume of 1,389,787. The firm has a market cap of $4.91 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.58. Aecom has a 52 week low of $29.13 and a 52 week high of $39.90. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.81.

In related news, insider Lara Poloni sold 1,607 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the sale, the insider now directly owns 2,288 shares in the company, valued at $74,337.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.74% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACM. Principal Financial Group Inc. boosted its position in shares of Aecom by 3.3% in the first quarter. Principal Financial Group Inc. now owns 693,775 shares of the construction company’s stock worth $24,719,000 after purchasing an additional 21,880 shares during the period. State of Alaska Department of Revenue raised its stake in Aecom by 39.2% during the second quarter. State of Alaska Department of Revenue now owns 17,443 shares of the construction company’s stock valued at $576,000 after purchasing an additional 4,910 shares in the last quarter. Retirement Systems of Alabama raised its stake in Aecom by 0.8% during the second quarter. Retirement Systems of Alabama now owns 207,605 shares of the construction company’s stock valued at $6,857,000 after purchasing an additional 1,749 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Aecom during the second quarter valued at $300,000. Finally, BNP Paribas Arbitrage SA raised its stake in Aecom by 96.0% during the second quarter. BNP Paribas Arbitrage SA now owns 15,284 shares of the construction company’s stock valued at $505,000 after purchasing an additional 7,485 shares in the last quarter. Institutional investors own 86.00% of the company’s stock.

About Aecom

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

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