$322.57 Million in Sales Expected for Aegion Corp (AEGN) This Quarter
Analysts forecast that Aegion Corp (NASDAQ:AEGN) will post sales of $322.57 million for the current quarter, according to Zacks. Three analysts have issued estimates for Aegion’s earnings, with the lowest sales estimate coming in at $307.70 million and the highest estimate coming in at $330.00 million. Aegion posted sales of $321.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Aegion will report full-year sales of $322.57 million for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts expect that the business will post sales of $1.32 billion per share, with estimates ranging from $1.30 billion to $1.34 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.98 million. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS.
A number of equities analysts have recently weighed in on the company. BidaskClub cut Aegion from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut Aegion from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded Aegion from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Hilliard Lyons cut Aegion from a “buy” rating to a “neutral” rating in a report on Thursday, December 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $26.00 target price on shares of Aegion in a report on Thursday, December 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.75.
Aegion (NASDAQ AEGN) traded up $0.38 during midday trading on Monday, hitting $25.86. The stock had a trading volume of 179,159 shares, compared to its average volume of 147,480. The stock has a market cap of $828.78, a PE ratio of -21.37, a PEG ratio of 1.48 and a beta of 1.77. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. Aegion has a fifty-two week low of $19.11 and a fifty-two week high of $28.19.
In related news, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer now owns 101,430 shares of the company’s stock, valued at $2,434,320. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Security National Bank of Sioux City Iowa IA boosted its holdings in Aegion by 3.5% during the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 63,163 shares of the construction company’s stock valued at $1,470,000 after acquiring an additional 2,142 shares during the period. California Public Employees Retirement System raised its position in Aegion by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 149,600 shares of the construction company’s stock valued at $3,483,000 after purchasing an additional 3,000 shares in the last quarter. Royce & Associates LP raised its position in Aegion by 9.3% in the 3rd quarter. Royce & Associates LP now owns 959,893 shares of the construction company’s stock valued at $22,346,000 after purchasing an additional 82,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Aegion by 6.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 296,646 shares of the construction company’s stock valued at $6,906,000 after purchasing an additional 18,468 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Aegion by 8.0% in the 3rd quarter. Wells Fargo & Company MN now owns 30,568 shares of the construction company’s stock valued at $712,000 after purchasing an additional 2,272 shares in the last quarter. Institutional investors own 92.96% of the company’s stock.
Aegion Company Profile
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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