Wall Street analysts expect that Aecom (NYSE:ACM) will post sales of $4.78 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Aecom’s earnings, with estimates ranging from $4.66 billion to $4.97 billion. Aecom reported sales of $4.43 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The business is expected to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Aecom will report full year sales of $4.78 billion for the current financial year, with estimates ranging from $19.61 billion to $20.04 billion. For the next financial year, analysts expect that the company will report sales of $20.69 billion per share, with estimates ranging from $20.31 billion to $21.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Aecom.
Aecom (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.71 billion. Aecom had a return on equity of 11.74% and a net margin of 2.15%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share.
A number of brokerages recently commented on ACM. Argus upped their target price on 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. DA Davidson increased their price objective on Aecom to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Barclays started coverage on Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price objective for the company. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $45.00 in a report on Wednesday, January 3rd. Finally, Citigroup increased their price objective on Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Aecom currently has an average rating of “Hold” and an average price target of $36.40.
In other Aecom news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $38.88, for a total value of $583,200.00. Following the completion of the transaction, the insider now owns 129,095 shares in the company, valued at $5,019,213.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lara Poloni sold 4,976 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total value 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. In the last quarter, insiders sold 53,072 shares of company stock valued at $1,997,651. 0.74% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of ACM. Victory Capital Management Inc. increased its holdings in shares of Aecom by 37.2% during the third quarter. Victory Capital Management Inc. now owns 36,114 shares of the construction company’s stock valued at $1,329,000 after acquiring an additional 9,801 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Aecom by 1.2% during the third quarter. Principal Financial Group Inc. now owns 666,329 shares of the construction company’s stock valued at $24,528,000 after acquiring an additional 8,194 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Aecom by 6.6% during the third quarter. Sei Investments Co. now owns 261,827 shares of the construction company’s stock valued at $9,638,000 after acquiring an additional 16,272 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Aecom by 0.4% during the third quarter. Retirement Systems of Alabama now owns 320,944 shares of the construction company’s stock valued at $11,814,000 after acquiring an additional 1,435 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Aecom during the third quarter valued at $204,000. Hedge funds and other institutional investors own 83.97% of the company’s stock.
Shares of Aecom (NYSE ACM) traded down $1.10 during trading on Friday, hitting $36.09. The company had a trading volume of 1,061,781 shares, compared to its average volume of 961,774. 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 capitalization of $5,811.26, a P/E ratio of 14.26, a PEG ratio of 2.44 and a beta of 1.72. Aecom has a one year low of $30.15 and a one year 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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