$318.40 Million in Sales Expected for Aegion Corp (AEGN) This Quarter
Equities research analysts expect Aegion Corp (NASDAQ:AEGN) to post $318.40 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Aegion’s earnings. The highest sales estimate is $321.80 million and the lowest is $315.00 million. Aegion reported sales of $335.03 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The company is expected to issue its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Aegion will report full-year sales of $1.26 billion for the current financial year, with estimates ranging from $1.24 billion to $1.29 billion. For the next year, analysts expect that the firm will report sales of $1.30 billion, with estimates ranging from $1.27 billion to $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Aegion had a return on equity of 7.76% and a net margin of 0.08%. The firm had revenue of $276.90 million during the quarter, compared to analysts’ expectations of $303.85 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. Aegion’s revenue for the quarter was down 14.8% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEGN. Quantamental Technologies LLC lifted its stake in shares of Aegion by 207.0% in the 1st quarter. Quantamental Technologies LLC now owns 2,109 shares of the construction company’s stock valued at $37,000 after acquiring an additional 1,422 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Aegion by 14.0% in the 4th quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock valued at $88,000 after acquiring an additional 668 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Aegion by 78.6% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock valued at $109,000 after acquiring an additional 2,875 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Aegion by 153.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,413 shares of the construction company’s stock valued at $130,000 after acquiring an additional 4,490 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Aegion in the 4th quarter valued at about $150,000. 95.34% of the stock is owned by institutional investors.
Shares of AEGN traded down $0.06 during midday trading on Tuesday, reaching $14.40. The stock had a trading volume of 177,898 shares, compared to its average volume of 152,367. Aegion has a 12-month low of $14.12 and a 12-month high of $26.80. The company has a current ratio of 2.09, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $453.21 million, a P/E ratio of 12.10, a PEG ratio of 1.23 and a beta of 1.87.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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