Aecon Group (TSE:ARE) Issues Earnings Results

Aecon Group (TSE:ARE) released its earnings results on Tuesday. The company reported C($0.21) earnings per share (EPS) for the quarter, FiscalAI reports. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The company had revenue of C$1.26 billion during the quarter.

Aecon Group Stock Performance

TSE ARE opened at C$49.97 on Thursday. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27. The firm has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 217.26, a P/E/G ratio of 18.18 and a beta of 0.97. The company’s fifty day moving average is C$42.58 and its two-hundred day moving average is C$34.89. Aecon Group has a 52-week low of C$15.68 and a 52-week high of C$52.90.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is currently 330.43%.

Insider Transactions at Aecon Group

In other Aecon Group news, Director Eric Stuart Rosenfeld sold 125,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$41.64, for a total value of C$5,205,000.00. Following the sale, the director directly owned 184,200 shares in the company, valued at C$7,670,088. This trade represents a 40.43% decrease in their position. 0.82% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ARE has been the topic of a number of recent research reports. ATB Cormark Capital Markets raised their price target on shares of Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Jefferies Financial Group raised their price target on shares of Aecon Group from C$49.00 to C$59.00 in a report on Monday. Desjardins raised their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a report on Monday, March 30th. Canaccord Genuity Group raised their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, TD raised their price target on shares of Aecon Group from C$49.00 to C$59.00 and gave the company a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$49.46.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.