Zacks: Brokerages Anticipate Aecom (ACM) to Announce $0.65 EPS

Wall Street brokerages expect Aecom (NYSE:ACM) to post earnings per share (EPS) of $0.65 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Aecom’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.68. Aecom posted earnings per share of $0.89 in the same quarter last year, which indicates a negative year over year growth rate of 27%. The business is expected to report its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Aecom will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.59 to $2.72. For the next financial year, analysts expect that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.87 to $3.14. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Aecom.

Aecom (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. Aecom had a return on equity of 12.02% and a net margin of 2.15%. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 12.7% on a year-over-year basis.

Several research analysts have weighed in on ACM shares. Credit Suisse Group reiterated a “neutral” rating on shares of Aecom in a research note on Tuesday, November 14th. DA Davidson lifted their target price on Aecom to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research downgraded Aecom from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Robert W. Baird upgraded Aecom from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Finally, UBS Group restated a “buy” rating and issued a $4.00 price target (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.40.

Shares of Aecom (ACM) traded up $0.07 during mid-day trading on Friday, hitting $34.57. The company’s stock had a trading volume of 1,507,266 shares, compared to its average volume of 849,609. Aecom has a one year low of $30.15 and a one year high of $39.90. The stock has a market cap of $5,450.00, a P/E ratio of 13.66, a P/E/G ratio of 1.94 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.

In related news, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the sale, the chief executive officer now directly owns 157,649 shares in the company, valued at $6,148,311. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rob J. Routs sold 6,468 shares of Aecom stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the sale, the director now owns 18,904 shares in the company, valued at $701,716.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,486 shares of company stock worth $3,170,752. Company insiders own 0.74% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Crow Point Partners LLC purchased a new stake in Aecom during the third quarter worth $102,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Aecom during the fourth quarter worth $205,000. Boston Advisors LLC purchased a new stake in Aecom during the fourth quarter worth $206,000. CIBC Asset Management Inc purchased a new stake in Aecom during the third quarter worth $204,000. Finally, Virtu Financial LLC purchased a new stake in Aecom during the fourth quarter worth $213,000. Institutional investors own 81.73% of the company’s stock.

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Aecom Company Profile

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

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Earnings History and Estimates for Aecom (NYSE:ACM)

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