DA Davidson Weighs in on AECOM’s Q1 2018 Earnings (ACM)
AECOM (NYSE:ACM) – Equities researchers at DA Davidson issued their Q1 2018 earnings per share estimates for AECOM in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman expects that the construction company will post earnings per share of $0.59 for the quarter. DA Davidson also issued estimates for AECOM’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.75 EPS and FY2019 earnings at $3.00 EPS.
A number of other equities analysts have also recently commented on the company. Credit Suisse Group reissued a “buy” rating and set a $44.00 price target on shares of AECOM in a report on Thursday, June 29th. Zacks Investment Research raised AECOM from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, April 18th. BidaskClub cut AECOM from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Deutsche Bank AG reissued a “hold” rating and set a $38.00 price target (down previously from $41.00) on shares of AECOM in a report on Saturday, April 22nd. Finally, Argus lowered their price target on AECOM from $43.00 to $33.00 and set a “buy” rating for the company in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.10.
Shares of AECOM (NYSE:ACM) traded down 1.76% during midday trading on Thursday, reaching $32.43. 417,037 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $32.24 and a 200-day moving average of $34.19. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a market capitalization of $5.05 billion, a PE ratio of 19.86 and a beta of 1.75.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.78. AECOM had a net margin of 1.46% and a return on equity of 12.44%. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the company earned $0.81 EPS. AECOM’s revenue was up 3.5% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in ACM. Menora Mivtachim Holdings LTD. raised its stake in AECOM by 56.5% in the first quarter. Menora Mivtachim Holdings LTD. now owns 466,500 shares of the construction company’s stock worth $16,603,000 after buying an additional 168,500 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock worth $258,000 after buying an additional 133 shares during the period. DUPONT CAPITAL MANAGEMENT Corp raised its stake in AECOM by 78.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,900 shares of the construction company’s stock worth $3,164,000 after buying an additional 38,970 shares during the period. Bank of Montreal Can raised its stake in 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. Finally, Prudential Financial Inc. raised its stake in AECOM by 107.8% in the first quarter. Prudential Financial Inc. now owns 974,764 shares of the construction company’s stock worth $34,692,000 after buying an additional 505,728 shares during the period. Hedge funds and other institutional investors 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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