North American Construction Group (NYSE:NOA) Releases Earnings Results

North American Construction Group (NYSE:NOA) (TSE:NOA) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01), Zacks reports. The company had revenue of $220.33 million during the quarter, compared to analyst estimates of $217.28 million. North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. During the same period last year, the firm earned $0.71 EPS.

North American Construction Group Price Performance

Shares of NYSE NOA traded down $0.16 during trading on Friday, hitting $20.47. The company had a trading volume of 50,825 shares, compared to its average volume of 70,086. The firm has a market capitalization of $547.37 million, a price-to-earnings ratio of 15.51 and a beta of 1.52. The stock has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $21.88. The company has a quick ratio of 0.71, a current ratio of 1.04 and a debt-to-equity ratio of 1.79. North American Construction Group has a fifty-two week low of $18.02 and a fifty-two week high of $26.30.

North American Construction Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 31st will be given a dividend of $0.0726 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 31st. North American Construction Group’s dividend payout ratio is presently 21.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Friday. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.