AECOM (NYSE:ACM) Trading Down 4.1% After Earnings Miss

AECOM (NYSE:ACM) shares traded down 4.1% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $91.50 and last traded at $92.35. 119,975 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 717,356 shares. The stock had previously closed at $96.29.

The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a return on equity of 21.45% and a net margin of 0.42%. AECOM’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is currently 195.56%.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $113.00 price target (up previously from $106.00) on shares of AECOM in a research report on Wednesday. Barclays boosted their target price on shares of AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Citigroup increased their price target on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Robert W. Baird lifted their price objective on AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $107.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after acquiring an additional 117,646 shares in the last quarter. Entropy Technologies LP bought a new stake in AECOM during the 1st quarter worth approximately $2,056,000. Avantax Advisory Services Inc. raised its stake in shares of AECOM by 9.3% in the first quarter. Avantax Advisory Services Inc. now owns 2,782 shares of the construction company’s stock worth $273,000 after purchasing an additional 236 shares during the last quarter. US Bancorp DE lifted its holdings in shares of AECOM by 19.1% in the first quarter. US Bancorp DE now owns 6,757 shares of the construction company’s stock valued at $663,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of AECOM by 11.5% during the first quarter. Russell Investments Group Ltd. now owns 420,142 shares of the construction company’s stock valued at $41,133,000 after buying an additional 43,436 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

The firm has a market cap of $12.55 billion, a P/E ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a fifty day moving average of $93.96 and a 200-day moving average of $89.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.