Aecom (NYSE:ACM) – Research analysts at KeyCorp raised their FY2018 earnings estimates for shares of Aecom in a note issued to investors on Tuesday. KeyCorp analyst T. Afzal now expects that the construction company will post earnings per share of $2.72 for the year, up from their prior estimate of $2.70.
Aecom (NYSE:ACM) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.57 earnings per share 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 analysts’ expectations of $4.71 billion. Aecom had a net margin of 2.15% and a return on equity of 11.74%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share.
Other analysts have also recently issued research reports about the stock. Citigroup boosted their target price on shares of Aecom from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group reissued a “buy” rating and set a $4.00 target price (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Argus boosted their target price on shares of Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. 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 equities 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 company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.40.
Shares of Aecom (NYSE ACM) opened at $34.57 on Friday. The company has a market cap of $5,491.33, a PE ratio of 13.66, a PEG ratio of 1.84 and a beta of 1.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.21. Aecom has a one year low of $30.15 and a one year high of $39.90.
In related news, Director James H. Fordyce sold 4,390 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $38.00, for a total transaction of $166,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 157,649 shares of the company’s stock, valued at approximately $6,148,311. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,486 shares of company stock valued at $3,170,752. 0.74% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ACM. Crow Point Partners LLC purchased a new stake in Aecom during the 3rd quarter valued at about $102,000. CIBC Asset Management Inc purchased a new stake in Aecom during the 3rd quarter valued at about $204,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Aecom during the 4th quarter valued at about $205,000. Boston Advisors LLC purchased a new stake in Aecom during the 4th quarter valued at about $206,000. Finally, Virtu Financial LLC acquired a new position in Aecom in the 4th quarter valued at about $213,000. 81.73% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “FY2018 EPS Estimates for Aecom Lifted by Analyst (ACM)” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://transcriptdaily.com/2018/02/10/fy2018-eps-estimates-for-aecom-lifted-by-analyst-acm.html.
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.
Receive News & Ratings for Aecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecom and related companies with MarketBeat.com's FREE daily email newsletter.