AECOM (ACM) Releases Earnings Results, Meets Expectations
AECOM (NYSE:ACM) announced its quarterly earnings data on Tuesday. The construction company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78, Bloomberg Earnings reports. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. AECOM updated its FY17 guidance to $2.80-3.20 EPS.
AECOM (NYSE ACM) opened at 31.33 on Tuesday. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $34.32. The company has a market cap of $4.88 billion, a PE ratio of 22.06 and a beta of 1.75.
A number of brokerages recently weighed in on ACM. UBS AG set a $38.00 price objective on shares of AECOM and gave the company a “buy” rating in a research report on Monday, June 26th. Credit Suisse Group downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $37.00 in a research report on Monday, July 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 price objective (down previously from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. BidaskClub downgraded shares of AECOM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Finally, Zacks Investment Research raised shares of AECOM from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.30.
Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of AECOM by 2.0% in the fourth quarter. Macquarie Group Ltd. now owns 225,034 shares of the construction company’s stock worth $8,182,000 after buying an additional 4,350 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of AECOM during the first quarter worth about $1,250,000. Bank of Montreal Can boosted its stake in shares of AECOM by 12.2% in the first quarter. Bank of Montreal Can now owns 30,036 shares of the construction company’s stock worth $1,069,000 after buying an additional 3,255 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of AECOM by 54.7% in the first quarter. Fox Run Management L.L.C. now owns 22,900 shares of the construction company’s stock worth $815,000 after buying an additional 8,100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of AECOM by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 39,200 shares of the construction company’s stock worth $1,395,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
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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