Aegion Corp (AEGN) Expected to Post Quarterly Sales of $342.27 Million
Equities research analysts forecast that Aegion Corp (NASDAQ:AEGN) will announce sales of $342.27 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Aegion Corp’s earnings. The lowest sales estimate is $340.80 million and the highest is $345.00 million. Aegion Corp posted sales of $308.52 million during the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The firm is expected to announce its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that Aegion Corp will report full-year sales of $342.27 million for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next financial year, analysts expect that the business will post sales of $1.31 billion per share, with estimates ranging from $1.30 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The company had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. During the same period in the previous year, the company earned $0.23 earnings per share. Aegion Corp’s quarterly revenue was up 18.9% on a year-over-year basis.
A number of analysts have weighed in on AEGN shares. TheStreet raised shares of Aegion Corp from a “c+” rating to a “b” rating in a report on Tuesday, August 1st. Canaccord Genuity raised their price objective on shares of Aegion Corp from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Craig Hallum raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, May 23rd. Finally, ValuEngine raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.17.
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Aegion Corp (AEGN) traded up 1.54% during trading on Tuesday, reaching $22.47. 30,776 shares of the company were exchanged. Aegion Corp has a 1-year low of $17.44 and a 1-year high of $26.68. The company’s 50-day moving average price is $21.12 and its 200-day moving average price is $21.63. The stock has a market capitalization of $708.88 million, a P/E ratio of 16.58 and a beta of 1.66.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Aegion Corp by 12,966.0% in the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after acquiring an additional 4,331,939 shares during the period. Vanguard Group Inc. increased its holdings in shares of Aegion Corp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock valued at $69,885,000 after acquiring an additional 128,485 shares during the period. Boston Partners increased its holdings in shares of Aegion Corp by 3.2% in the 2nd quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock valued at $22,534,000 after acquiring an additional 32,205 shares during the period. State Street Corp increased its holdings in shares of Aegion Corp by 0.9% in the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock valued at $20,152,000 after acquiring an additional 8,122 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Aegion Corp by 2.3% in the 2nd quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock valued at $19,208,000 after acquiring an additional 19,447 shares during the period. 88.84% of the stock is currently owned by institutional investors and hedge funds.
Aegion Corp Company Profile
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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