Aegion Corp to Post Q4 2017 Earnings of $0.25 Per Share, DA Davidson Forecasts (AEGN)
Aegion Corp (NASDAQ:AEGN) – Equities research analysts at DA Davidson lowered their Q4 2017 EPS estimates for shares of Aegion Corp in a research report issued to clients and investors on Friday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.26. DA Davidson also issued estimates for Aegion Corp’s Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.44 EPS and FY2019 earnings at $1.55 EPS.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Aegion Corp had a negative net margin of 3.03% and a positive return on equity of 7.62%. The company had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis.
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Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.50 price objective on shares of Aegion Corp in a research note on Monday, August 7th. BidaskClub upgraded Aegion Corp from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Canaccord Genuity reiterated a “buy” rating and set a $26.00 target price on shares of Aegion Corp in a research note on Thursday, August 10th. Finally, Craig Hallum lowered Aegion Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Aegion Corp has an average rating of “Buy” and a consensus price target of $25.50.
Aegion Corp (AEGN) opened at $25.88 on Monday. The firm has a market cap of $841.79, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.99 and a beta of 1.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Aegion Corp by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 25,867 shares of the construction company’s stock valued at $592,000 after purchasing an additional 150 shares in the last quarter. SG Americas Securities LLC bought a new position in Aegion Corp during the 1st quarter worth $119,000. Principal Financial Group Inc. raised its position in shares of Aegion Corp by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 290,195 shares of the construction company’s stock worth $6,648,000 after acquiring an additional 9,984 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $69,885,000 after acquiring an additional 128,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Aegion Corp by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 277,556 shares of the construction company’s stock valued at $6,358,000 after buying an additional 11,626 shares during the period. Institutional investors own 89.07% of the company’s stock.
In other Aegion Corp news, CFO David A. Martin sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.62% of the company’s stock.
Aegion Corp declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 1st that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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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