AECOM (NYSE:ACM) to Buyback $1.00 billion in Shares

AECOM (NYSE:ACM) declared that its Board of Directors has initiated a share buyback plan on Thursday, September 23rd, RTT News reports. The company plans to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 10.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Shares of NYSE:ACM opened at $66.50 on Friday. The stock’s 50-day moving average price is $63.83 and its 200-day moving average price is $64.18. AECOM has a 12-month low of $38.00 and a 12-month high of $70.04. The stock has a market capitalization of $9.58 billion, a P/E ratio of -71.50, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Sunday, August 8th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. AECOM had a positive return on equity of 13.15% and a negative net margin of 1.13%. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same period last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts predict that AECOM will post 2.82 EPS for the current year.

In other news, Director Daniel R. Tishman sold 29,792 shares of the firm’s stock in a transaction dated Wednesday, August 25th. The stock was sold at an average price of $66.00, for a total transaction of $1,966,272.00. Following the transaction, the director now directly owns 89,599 shares of the company’s stock, valued at $5,913,534. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by company insiders.


AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in planning, consulting, architectural and engineering design, and construction management services to commercial and government clients in the United States, Canada, and Latin America in major end markets such as transportation, water, government, facilities, environmental, and energy.

Further Reading: Risk Tolerance

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