Equities analysts predict that Aecom (NYSE:ACM) will announce earnings per share (EPS) of $0.65 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Aecom’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.68. Aecom reported earnings per share of $0.89 in the same quarter last year, which would indicate a negative year over year growth rate of 27%. The business is expected to report its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Aecom will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.59 to $2.73. For the next fiscal year, analysts anticipate that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.87 to $3.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Aecom.
Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS.
ACM has been the topic of several research reports. Citigroup lifted their price objective on Aecom from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Argus lifted their price objective on Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, November 27th. They noted that the move was a valuation call. DA Davidson lifted their price objective on Aecom to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Robert W. Baird raised Aecom from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $45.00 in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research cut Aecom from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Aecom presently has a consensus rating of “Hold” and an average price target of $36.40.
In other news, Vice Chairman Daniel R. Tishman sold 15,000 shares of Aecom 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 transaction, the insider now directly owns 129,095 shares in the company, valued at $5,019,213.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lara Poloni sold 4,976 shares of Aecom stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total transaction of $182,619.20. Following the transaction, the insider now owns 3,895 shares of the company’s stock, valued at $142,946.50. The disclosure for this sale can be found here. Insiders have sold 53,072 shares of company stock valued at $1,997,651 over the last quarter. Company insiders own 0.74% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ACM. Luminus Management LLC lifted its holdings in shares of Aecom by 79.8% during the fourth quarter. Luminus Management LLC now owns 1,475,227 shares of the construction company’s stock valued at $54,805,000 after purchasing an additional 654,568 shares during the last quarter. Clearbridge LLC lifted its holdings in shares of Aecom by 80.3% during the fourth quarter. Clearbridge LLC now owns 1,307,870 shares of the construction company’s stock valued at $48,587,000 after purchasing an additional 582,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Aecom during the fourth quarter valued at approximately $17,573,000. Russell Investments Group Ltd. lifted its holdings in shares of Aecom by 36.7% during the third quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock valued at $36,240,000 after purchasing an additional 264,266 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Aecom by 1.6% in the 4th quarter. BlackRock Inc. now owns 12,535,917 shares of the construction company’s stock worth $465,709,000 after acquiring an additional 198,111 shares during the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.
ACM stock traded up $0.15 during trading on Thursday, reaching $36.52. The company’s stock had a trading volume of 500,435 shares, compared to its average volume of 961,964. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $5,835.14, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.45 and a beta of 1.72. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.90.
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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.
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