$0.71 Earnings Per Share Expected for AECOM (NYSE:ACM) This Quarter
Wall Street analysts expect AECOM (NYSE:ACM) to report earnings per share of $0.71 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for AECOM’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.67. AECOM reported earnings of $0.65 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is expected to announce its next earnings results on Monday, November 13th.
On average, analysts expect that AECOM will report full-year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.86 to $2.95. For the next financial year, analysts expect that the business will report earnings of $2.75 per share, with EPS estimates ranging from $2.50 to $3.02. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow AECOM.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday. Credit Suisse Group lowered shares of AECOM from an “outperform” rating to a “neutral” rating and cut their target price for the company from $44.00 to $37.00 in a research note on Monday, July 24th. Argus cut their target price on shares of AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. UBS AG set a $38.00 target price on shares of AECOM and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 target price (down previously from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. AECOM currently has a consensus rating of “Hold” and a consensus target price of $35.10.
Shares of AECOM (NYSE ACM) opened at 32.26 on Friday. The company has a market cap of $5.02 billion, a PE ratio of 19.76 and a beta of 1.75. AECOM has a 12 month low of $26.46 and a 12 month high of $40.72. The firm’s 50-day moving average is $32.24 and its 200-day moving average is $34.15.
A number of large investors have recently bought and sold shares of the company. Financial Architects Inc raised its stake in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares during the last quarter. First United Bank Trust raised its stake in AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock valued at $219,000 after buying an additional 50 shares during the last quarter. 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 valued at $258,000 after buying an additional 133 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after buying an additional 160 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in AECOM by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,766 shares of the construction company’s stock valued at $953,000 after buying an additional 235 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
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AECOM Company Profile
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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