Analysts Anticipate Aegion Corp (AEGN) Will Post Earnings of $0.44 Per Share
Equities research analysts expect that Aegion Corp (NASDAQ:AEGN) will report earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Aegion Corp’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.39. Aegion Corp reported earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.5%. The business is scheduled to report its next quarterly earnings report on Monday, October 30th.
According to Zacks, analysts expect that Aegion Corp will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.18 to $1.42. For the next financial year, analysts forecast that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.42. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The company had revenue of $354.47 million for the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. Aegion Corp’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS.
AEGN has been the subject of several recent analyst reports. TheStreet upgraded Aegion Corp from a “c+” rating to a “b” rating in a research note on Tuesday, August 1st. Canaccord Genuity reiterated a “buy” rating and set a $30.00 price target on shares of Aegion Corp in a research note on Friday, May 5th. Craig Hallum upgraded Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. BidaskClub upgraded Aegion Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Aegion Corp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.17.
Aegion Corp (AEGN) traded up 0.39% on Friday, reaching $20.39. The company’s stock had a trading volume of 126,813 shares. The firm has a market capitalization of $643.26 million, a P/E ratio of 15.05 and a beta of 1.67. Aegion Corp has a 52-week low of $17.18 and a 52-week high of $26.68. The firm has a 50-day moving average price of $22.25 and a 200 day moving average price of $22.03.
Several institutional investors have recently bought and sold shares of AEGN. SG Americas Securities LLC acquired a new position in Aegion Corp during the first quarter valued at $119,000. State of Alaska Department of Revenue boosted its position in Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after buying an additional 2,874 shares in the last quarter. Bank of Montreal Can boosted its position in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares in the last quarter. Mason Street Advisors LLC boosted its position in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares in the last quarter. Finally, RBF Capital LLC acquired a new position in Aegion Corp during the first quarter valued at $209,000. 88.00% of the stock is owned by institutional investors and hedge funds.
About Aegion Corp
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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