Aegion Corp (NASDAQ:AEGN) – Equities researchers at DA Davidson lowered their FY2016 earnings per share (EPS) estimates for shares of Aegion Corp in a research note issued on Wednesday. DA Davidson analyst B. Thielman now anticipates that the brokerage will post earnings per share of $0.97 for the year, down from their previous forecast of $1.09. DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for Aegion Corp’s Q4 2016 earnings at $0.31 EPS.

Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings data on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. Aegion Corp had a negative net margin of 1.72% and a positive return on equity of 6.43%. The business earned $308.52 million during the quarter, compared to the consensus estimate of $318.99 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “FY2016 Earnings Estimate for Aegion Corp Issued By DA Davidson (AEGN)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was stolen and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/01/14/fy2016-earnings-estimate-for-aegion-corp-issued-by-da-davidson-aegn.html.

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

Other research analysts also recently issued reports about the stock. Sidoti raised shares of Aegion Corp from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 22nd. Canaccord Genuity initiated coverage on shares of Aegion Corp in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. TheStreet raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research note on Thursday, December 22nd. Finally, Seaport Global Securities downgraded shares of Aegion Corp from an “accumulate” rating to a “neutral” rating in a research note on Wednesday, November 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.50.

Aegion Corp (NASDAQ:AEGN) opened at 22.81 on Friday. The company’s 50 day moving average is $24.81 and its 200-day moving average is $20.65. Aegion Corp has a 52-week low of $16.00 and a 52-week high of $26.14. The company’s market capitalization is $743.90 million.

In other Aegion Corp news, EVP David F. Morris sold 15,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 153,108 shares of the company’s stock, valued at approximately $3,455,647.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP John D. Huhn sold 2,700 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $23.00, for a total transaction of $62,100.00. Following the transaction, the senior vice president now directly owns 20,888 shares in the company, valued at $480,424. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “FY2016 Earnings Estimate for Aegion Corp Issued By DA Davidson (AEGN)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was stolen and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/01/14/fy2016-earnings-estimate-for-aegion-corp-issued-by-da-davidson-aegn.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Aegion Corp by 96.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,785 shares of the company’s stock worth $230,000 after buying an additional 5,796 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Aegion Corp during the second quarter worth about $1,859,000. HL Financial Services LLC bought a new position in shares of Aegion Corp during the second quarter worth about $271,000. Strs Ohio increased its position in shares of Aegion Corp by 8.4% in the second quarter. Strs Ohio now owns 40,000 shares of the company’s stock worth $780,000 after buying an additional 3,100 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Aegion Corp during the second quarter worth about $304,000. 88.91% of the stock is currently owned by institutional investors and hedge funds.

About Aegion Corp

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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