AECOM (ACM) Earns News Impact Score of 0.10
Press coverage about AECOM (NYSE:ACM) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. AECOM earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.9329593472985 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of AECOM (NYSE:ACM) opened at 35.32 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 21.63 and a beta of 1.69. AECOM has a 12-month low of $26.46 and a 12-month high of $40.72. The stock has a 50 day moving average price of $35.26 and a 200 day moving average price of $33.32.
AECOM (NYSE:ACM) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.54 billion. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Equities analysts anticipate that AECOM will post $2.91 earnings per share for the current fiscal year.
AECOM declared that its board has initiated a share buyback plan on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 18.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
ACM has been the subject of a number of analyst reports. Credit Suisse Group reissued a “buy” rating and set a $44.00 price objective on shares of AECOM in a research report on Thursday, June 29th. UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a research report on Monday, June 26th. Citigroup Inc. reissued a “buy” rating and set a $40.00 price objective (down from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. KeyCorp reissued a “buy” rating and set a $40.00 price objective on shares of AECOM in a research report on Friday, August 25th. Finally, Zacks Investment Research raised AECOM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.80.
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In related news, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the transaction, the chief executive officer now owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
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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