$0.71 EPS Expected for AECOM (ACM) This Quarter
Equities analysts forecast that AECOM (NYSE:ACM) will announce earnings of $0.71 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for AECOM’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.76. AECOM posted earnings of $0.65 per share during 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 quarterly earnings report on Monday, November 13th.
According to Zacks, analysts expect that AECOM will report full year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.95. For the next year, analysts anticipate that the company will post earnings of $2.75 per share, with EPS estimates ranging from $2.49 to $3.02. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover AECOM.
AECOM (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.54 billion. AECOM had a net margin of 1.46% and a return on equity of 12.19%. AECOM’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share.
Several analysts have issued reports on the company. UBS AG set a $38.00 target price on AECOM and gave the stock a “buy” rating in a research note on Monday, June 26th. Canaccord Genuity reissued a “hold” rating and set a $36.00 price objective on shares of AECOM in a research note on Tuesday, August 8th. Citigroup Inc. set a $40.00 price objective on AECOM and gave the company a “buy” rating in a research note on Thursday, August 17th. Credit Suisse Group reissued a “hold” rating and set a $37.00 price objective on shares of AECOM in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered AECOM from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.55.
Several institutional investors have recently made changes to their positions in the stock. Financial Architects Inc increased its position in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares in the last quarter. First United Bank Trust increased its position in shares of AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock worth $219,000 after buying an additional 50 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of 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 worth $953,000 after buying an additional 235 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.
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AECOM (NYSE ACM) traded up 1.21% during midday trading on Wednesday, hitting $32.65. 384,082 shares of the company were exchanged. The firm’s 50-day moving average price is $31.93 and its 200-day moving average price is $33.71. The stock has a market capitalization of $5.12 billion, a PE ratio of 19.99 and a beta of 1.75. AECOM has a one year low of $26.46 and a one year high of $40.72.
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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