Aegion Corp (NASDAQ:AEGN) – Investment analysts at Craig Hallum lowered their FY2016 earnings per share (EPS) estimates for Aegion Corp in a note issued to investors on Wednesday. Craig Hallum analyst E. Stine now expects that the firm will post earnings per share of $1.02 for the year, down from their prior estimate of $1.12. Craig Hallum also issued estimates for Aegion Corp’s Q4 2016 earnings at $0.36 EPS.

A number of other equities analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “hold” rating and set a $20.00 price objective on shares of Aegion Corp in a research report on Wednesday, October 5th. Canaccord Genuity initiated coverage on shares of Aegion Corp in a research report on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Sidoti raised shares of Aegion Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 22nd. Seaport Global Securities cut shares of Aegion Corp from an “accumulate” rating to a “neutral” rating in a research report on Wednesday, November 23rd. Finally, TheStreet raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Thursday, December 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aegion Corp currently has an average rating of “Buy” and an average target price of $23.50.

Earnings History and Estimates for Aegion Corp (NASDAQ:AEGN)

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Shares of Aegion Corp (NASDAQ:AEGN) traded up 0.548% during trading on Friday, hitting $22.925. The stock had a trading volume of 50,329 shares. The stock’s market cap is $747.65 million. Aegion Corp has a one year low of $16.00 and a one year high of $26.14. The stock’s 50 day moving average price is $24.81 and its 200-day moving average price is $20.65.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $308.52 million for the quarter, compared to analyst estimates of $318.99 million. Aegion Corp had a positive return on equity of 6.43% and a negative net margin of 1.72%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share.

In other Aegion Corp news, SVP John D. Huhn sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $23.00, for a total value of $62,100.00. Following the completion of the transaction, the senior vice president now owns 20,888 shares of the company’s stock, valued at approximately $480,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David F. Morris sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $22.57, for a total transaction of $338,550.00. Following the completion of the transaction, the executive vice president now directly owns 153,108 shares of the company’s stock, valued at approximately $3,455,647.56. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Craig Hallum Weighs in on Aegion Corp’s FY2016 Earnings (AEGN)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece of content can be accessed at http://www.dailypolitical.com/2017/01/13/craig-hallum-weighs-in-on-aegion-corps-fy2016-earnings-aegn.html.

A number of institutional investors have recently modified their holdings of AEGN. Arizona State Retirement System boosted its position in shares of Aegion Corp by 0.6% in the second quarter. Arizona State Retirement System now owns 18,273 shares of the company’s stock valued at $357,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Aegion Corp by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,790 shares of the company’s stock valued at $149,000 after buying an additional 120 shares in the last quarter. Security National Bank of SO Dak boosted its position in shares of Aegion Corp by 0.4% in the second quarter. Security National Bank of SO Dak now owns 43,782 shares of the company’s stock valued at $854,000 after buying an additional 185 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Aegion Corp by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 27,600 shares of the company’s stock valued at $526,000 after buying an additional 200 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Aegion Corp by 2.0% in the second quarter. BlackRock Advisors LLC now owns 17,306 shares of the company’s stock valued at $338,000 after buying an additional 340 shares in the last quarter. 88.91% of the stock is owned by institutional investors.

Aegion Corp Company Profile

Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.

5 Day Chart for NASDAQ:AEGN

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