Equities research analysts expect that Aecom (NYSE:ACM) will report sales of $5.27 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Aecom’s earnings. The highest sales estimate is $5.52 billion and the lowest is $5.15 billion. Aecom posted sales of $4.86 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is expected to announce its next earnings report on Monday, November 12th.
According to Zacks, analysts expect that Aecom will report full-year sales of $20.12 billion for the current year, with estimates ranging from $20.00 billion to $20.36 billion. For the next fiscal year, analysts expect that the business will report sales of $20.92 billion, with estimates ranging from $20.42 billion to $21.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Aecom.
Aecom (NYSE:ACM) last issued its earnings results on Tuesday, August 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Aecom had a return on equity of 9.86% and a net margin of 0.72%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.88 billion. During the same period in the prior year, the firm posted $0.78 EPS.
A number of brokerages have recently issued reports on ACM. Zacks Investment Research raised Aecom from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group dropped their price target on Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, August 8th. Citigroup dropped their price target on Aecom from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Argus cut Aecom from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine cut Aecom from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.67.
Shares of ACM traded down $0.04 during mid-day trading on Wednesday, reaching $30.75. The company had a trading volume of 1,235,100 shares, compared to its average volume of 832,034. Aecom has a twelve month low of $30.37 and a twelve month high of $39.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. The stock has a market cap of $5.25 billion, a PE ratio of 10.46, a PEG ratio of 2.19 and a beta of 1.57.
In related news, insider Lara Poloni sold 1,607 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the sale, the insider now directly owns 2,288 shares of the company’s stock, valued at approximately $74,337.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.74% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACM. Bank of America Corp DE increased its stake in shares of Aecom by 106.4% in the 2nd quarter. Bank of America Corp DE now owns 2,403,765 shares of the construction company’s stock valued at $79,395,000 after buying an additional 1,239,397 shares during the period. Luminus Management LLC increased its stake in shares of Aecom by 19.1% in the 2nd quarter. Luminus Management LLC now owns 2,434,759 shares of the construction company’s stock valued at $80,420,000 after buying an additional 389,900 shares during the period. BlackRock Inc. increased its stake in shares of Aecom by 2.9% in the 2nd quarter. BlackRock Inc. now owns 13,294,925 shares of the construction company’s stock valued at $439,132,000 after buying an additional 375,863 shares during the period. Formula Growth Ltd. increased its stake in shares of Aecom by 150.0% in the 2nd quarter. Formula Growth Ltd. now owns 300,049 shares of the construction company’s stock valued at $9,911,000 after buying an additional 180,049 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Aecom by 53.7% in the 1st quarter. Nuveen Asset Management LLC now owns 369,263 shares of the construction company’s stock valued at $13,157,000 after buying an additional 128,999 shares during the period. 84.41% of the stock is owned by institutional investors.
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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