Aegion Corp (AEGN) Expected to Announce Quarterly Sales of $344.25 Million
Analysts expect Aegion Corp (NASDAQ:AEGN) to announce sales of $344.25 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Aegion’s earnings. The lowest sales estimate is $343.50 million and the highest is $345.00 million. Aegion reported sales of $268.43 million during the same quarter last year, which indicates a positive year over year growth rate of 28.2%. The company is scheduled to report its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Aegion will report full-year sales of $1.35 billion for the current fiscal year, with estimates ranging from $1.34 billion to $1.35 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.38 billion, with estimates ranging from $1.38 billion to $1.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Aegion.
Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, August 1st. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $335.03 million during the quarter, compared to analysts’ expectations of $328.80 million. Aegion had a negative net margin of 6.33% and a positive return on equity of 6.50%.
A number of institutional investors and hedge funds have recently made changes to their positions in AEGN. Bank of Montreal Can purchased a new stake in Aegion during the 2nd quarter worth approximately $123,000. Royal Bank of Canada increased its stake in Aegion by 123.1% during the 1st quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock worth $164,000 after buying an additional 3,939 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Aegion during the 2nd quarter worth approximately $194,000. Xact Kapitalforvaltning AB purchased a new stake in Aegion during the 1st quarter worth approximately $207,000. Finally, BlueMountain Capital Management LLC increased its stake in Aegion by 293.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock worth $251,000 after buying an additional 7,271 shares during the period. 92.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aegion stock traded up $0.53 on Friday, reaching $24.93. The company had a trading volume of 97,600 shares, compared to its average volume of 112,509. The company has a market capitalization of $805.38 million, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.82 and a beta of 1.73. Aegion has a 52-week low of $19.81 and a 52-week high of $28.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.05 and a current ratio of 2.32.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.
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