North American Construction Group (TSE:NOA) Announces Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) announced its quarterly earnings results on Wednesday. The company reported C($0.14) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$305.58 million during the quarter. North American Construction Group had a net margin of 3.00% and a return on equity of 9.34%.

North American Construction Group Price Performance

TSE NOA opened at C$22.80 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 193.35. North American Construction Group has a 12-month low of C$16.78 and a 12-month high of C$25.05. The company has a market capitalization of C$662.91 million, a PE ratio of 17.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The firm’s 50 day moving average is C$21.64 and its 200-day moving average is C$20.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NOA shares. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a report on Thursday, February 5th. TD Securities reduced their target price on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a research note on Friday, December 19th. National Bank Financial set a C$28.00 target price on North American Construction Group and gave the stock an “outperform” rating in a report on Monday, December 22nd. Finally, Canadian Imperial Bank of Commerce dropped their price target on North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and an average target price of C$28.06.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.