AECOM (NYSE:ACM) Releases Fiscal 2022 Earnings Forecast
AECOM (NYSE:ACM – Get Rating) released an update to its fiscal 2022 earnings guidance on Monday morning. The company provided earnings guidance of $3.30 to $3.50 per share for the period, compared to the consensus estimate of earnings per share of $3.43. The company released revenue guidance from -.AECOM also updated its guidance for fiscal year 2024 to $4.75-EPS.
A number of research analysts have weighed in on ACM shares recently. Argus raised its target price on AECOM from $80.00 to $82.00 in a Tuesday, February 15 report. Robert W. Baird reduced his target price on AECOM from $88.00 to $81.00 in a Tuesday, May 10 report. Royal Bank of Canada began covering AECOM in a research report on Wednesday, April 27. They issued an outperform rating and a target price of $91.00 for the company. Finally, StockNews.com moved AECOM from a buy rating to a hold rating in a research rating on Monday. Three analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat, the stock has a consensus buy rating and an average target price of $85.44.
NYSE ACM shares opened at $66.55 on Monday. The company has a 50-day simple moving average of $74.48 and a two-hundred-day simple moving average of $73.08. The company has a debt ratio of 0.82, a current ratio of 1.08 and a quick ratio of 1.08. AECOM has a 1-year minimum of $58.36 and a 1-year maximum of $79.97. The company has a market capitalization of $9.41 billion, a P/E ratio of 45.58, a PEG ratio of 0.99 and a beta of 1.44.
AECOM (NYSE:ACM – Get Rating) last released its quarterly earnings data on Monday, May 9. The construction company reported EPS of $0.83 for the quarter, beating analyst consensus estimates of $0.78 by $0.05. AECOM had a net margin of 1.59% and a return on equity of 17.18%. The company posted revenue of $3.21 billion in the quarter, versus a consensus estimate of $3.39 billion. In the same quarter a year earlier, the company posted earnings per share of $0.67. AECOM’s revenue for the quarter decreased 1.6% compared to the same quarter last year. As a group, equity research analysts expect AECOM to post EPS of 3.43 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 22. Investors of record on Wednesday, April 6 received a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 5. This represents an annualized dividend of $0.60 and a dividend yield of 0.90%. AECOM’s dividend payout ratio (DPR) is currently 41.10%.
A number of large investors have recently changed their positions in ACM. Cetera Investment Advisers increased its stake in AECOM shares by 3.0% in the first quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company valued at $700,000 after purchasing an additional 264 shares during the period. Bank of Montreal Can increased its position in AECOM by 3.5% during the 1st quarter. Bank of Montreal Can now owns 34,177 shares of the construction company worth $2,676,000 after buying an additional 1,162 shares last quarter. Wells Fargo & Company MN increased its position in AECOM by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 191,938 shares of the construction company worth $14,846,000 after buying 1,193 additional shares last quarter. HighTower Advisors LLC increased its stake in AECOM by 31.9% in Q1. HighTower Advisors LLC now owns 5,704 shares of the construction company valued at $436,000 after purchasing an additional 1,378 shares during the period. Finally, Covestor Ltd increased its stake in AECOM by 1,261.6% in the 1st quarter. Covestor Ltd now owns 1,525 shares in the construction company valued at $117,000 after purchasing an additional 1,413 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s shares.
AECOM Company Profile (Get a rating)
AECOM, together with its subsidiaries, provides professional infrastructure consulting services to governments, businesses and organizations in the Americas, Europe, Middle East, Africa and Asia-Pacific. It operates through three segments: Americas, International and AECOM Capital. The company provides planning, consulting, architectural and engineering design, construction and program management, as well as investment and development services to commercial and government clients.
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