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

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

Aecon Group Trading Down 1.3%

Shares of Aecon Group stock opened at C$42.06 on Friday. The stock has a 50 day moving average of C$37.11 and a 200 day moving average of 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. The firm 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 fifty-two week low of C$15.21 and a fifty-two week high of C$43.32.

Aecon Group (TSE:ARE) last posted its 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 company had revenue of C$1.54 billion during the quarter. As a group, research analysts predict that Aecon Group will post 1.3793321 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent analyst reports. TD Securities raised their price objective on Aecon Group from C$39.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Canaccord Genuity Group increased their target price on Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Stifel Nicolaus decreased their price target on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research report on Monday, March 9th. ATB Cormark Capital Markets upped their price target on Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Finally, Raymond James Financial lifted their price objective on Aecon Group from C$33.00 to C$41.00 and gave the company a “market perform” rating in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Aecon Group has an average 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.