Aecon Group Inc. Plans Quarterly Dividend of $0.19 (TSE:ARE)

Aecon Group Inc. (TSE:ARE) declared a quarterly dividend on Monday, March 23rd, TickerTech Dividends reports. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.1925 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, March 23rd.

Aecon Group Stock Performance

Shares of ARE stock opened at C$42.06 on Friday. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 300.43, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a one year low of C$15.21 and a one year high of C$43.32. The company’s 50-day simple moving average is C$37.11 and its 200-day simple moving average is C$30.59. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The business had revenue of C$1.54 billion for the quarter. Equities analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARE shares. Stifel Nicolaus decreased their price objective on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a report on Monday, March 9th. ATB Cormark Capital Markets increased their price target on Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Monday, March 9th. Royal Bank Of Canada lifted their price objective on shares of Aecon Group from C$30.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. National Bank Financial upped their price objective on shares of Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Finally, Canaccord Genuity Group increased their target price on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$39.38.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.