North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of C$0.12 on October 2nd

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.12 per share by the oil and gas company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 28th.

North American Construction Group has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. North American Construction Group has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect North American Construction Group to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 15.4%.

North American Construction Group Trading Down 0.6%

NYSE:NOA opened at $13.33 on Wednesday. The stock has a market cap of $371.64 million, a PE ratio of 16.87 and a beta of 1.06. North American Construction Group has a fifty-two week low of $12.07 and a fifty-two week high of $17.26. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90. The stock’s 50-day moving average is $13.67 and its two-hundred day moving average is $14.33.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million for the quarter, compared to analyst estimates of $246.65 million. As a group, equities research analysts forecast that North American Construction Group will post 1.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

NOA has been the subject of a number of recent analyst reports. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Roth Capital reiterated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a research report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Finally, ATB Cormark Capital Markets lowered shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.75.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.