AECOM (ACM) to Issue Quarterly Dividend of $0.26 on October 17th

AECOM (NYSE:ACM) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Investors of record on Wednesday, October 1st will be given a dividend of 0.26 per share by the construction company on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 1st.

AECOM has a payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Stock Up 0.7%

ACM stock opened at $129.25 on Monday. AECOM has a 52-week low of $85.00 and a 52-week high of $133.81. The company’s 50 day simple moving average is $122.10 and its 200-day simple moving average is $110.33. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $17.12 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.92 and a beta of 0.99.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts anticipate that AECOM will post 5.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Citigroup reaffirmed a “buy” rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Bank of America boosted their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. UBS Group boosted their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $128.44.

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.