Aecon Group (TSE:ARE) Announces Earnings Results

Aecon Group (TSE:ARE) announced its earnings results on Thursday. The company reported C$0.52 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.54 billion for the quarter. Aecon Group had a return on equity of 0.92% and a net margin of 0.16%.

Aecon Group Stock Performance

Shares of ARE stock traded up C$0.25 during mid-day trading on Thursday, hitting C$37.58. 525,238 shares of the stock were exchanged, compared to its average volume of 371,699. The stock’s fifty day simple moving average is C$34.95 and its two-hundred day simple moving average is C$28.98. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 268.43, a P/E/G ratio of 18.18 and a beta of 1.36. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$39.43. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their target price on Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$33.43.

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.