North American Construction Group (NOA) Set to Announce Earnings on Wednesday

North American Construction Group (NYSE:NOA) (TSE:NOA) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect North American Construction Group to post earnings of $0.51 per share for the quarter. North American Construction Group has set its FY 2024 guidance at 3.120-3.490 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The oil and gas company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. The company had revenue of $239.70 million during the quarter, compared to analyst estimates of $229.31 million. On average, analysts expect North American Construction Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

North American Construction Group Trading Up 1.8 %

NOA stock opened at $21.32 on Wednesday. The business’s 50-day moving average is $23.33 and its 200 day moving average is $21.92. North American Construction Group has a 12-month low of $18.02 and a 12-month high of $26.30. The stock has a market cap of $570.10 million, a price-to-earnings ratio of 13.67 and a beta of 1.53. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were issued a $0.074 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.39%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is presently 18.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NOA shares. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. StockNews.com raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Monday, March 11th.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.