AECOM (NYSE:ACM) Issues FY24 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the consensus estimate of $4.48. AECOM also updated its FY 2024 guidance to 4.350-4.550 EPS.

AECOM Stock Down 2.1 %

AECOM stock traded down $2.06 during trading on Tuesday, reaching $94.23. 725,097 shares of the company’s stock were exchanged, compared to its average volume of 724,152. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 207.38, a PEG ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company’s 50-day moving average is $93.82 and its two-hundred day moving average is $89.67.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that AECOM will post 4.43 earnings per share for the current year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is presently 195.56%.

Analysts Set New Price Targets

ACM has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday. Citigroup increased their target price on shares of AECOM from $107.00 to $116.00 and gave the company a buy rating in a research report on Monday, April 22nd. TheStreet upgraded AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Barclays raised their target price on AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada restated an outperform rating and issued a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has a consensus rating of Buy and an average target price of $106.43.

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.