Brokerages Anticipate AECOM (ACM) Will Announce Earnings of $0.71 Per Share
Wall Street brokerages forecast that AECOM (NYSE:ACM) will post earnings of $0.71 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for AECOM’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.76. AECOM reported earnings of $0.65 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is expected to report its next earnings results on Monday, November 13th.
On average, analysts expect that AECOM will report full-year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.86 to $2.95. For the next year, analysts anticipate that the company will post earnings of $2.75 per share, with EPS estimates ranging from $2.49 to $3.02. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover AECOM.
AECOM (NYSE:ACM) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the firm posted $0.81 earnings per share. AECOM’s revenue was up 3.5% compared to the same quarter last year.
ACM has been the subject of several analyst reports. BidaskClub cut shares of AECOM from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. UBS AG set a $38.00 price objective on shares of AECOM and gave the company a “buy” rating in a research note on Monday, June 26th. Credit Suisse Group AG reissued a “buy” rating and set a $44.00 price objective on shares of AECOM in a research note on Thursday, June 29th. Robert W. Baird cut shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research note on Tuesday, July 4th. Finally, Citigroup Inc. reissued a “buy” rating and set a $40.00 price objective (down from $45.00) on shares of AECOM in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.80.
In related news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the sale, the chief executive officer now owns 154,362 shares in the company, valued at $5,711,394. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. South Dakota Investment Council boosted its holdings in shares of AECOM by 16.5% in the second quarter. South Dakota Investment Council now owns 246,100 shares of the construction company’s stock valued at $7,956,000 after acquiring an additional 34,900 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of AECOM by 15.1% in the second quarter. BNP Paribas Arbitrage SA now owns 92,861 shares of the construction company’s stock valued at $3,002,000 after acquiring an additional 12,167 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of AECOM by 210.0% in the second quarter. Commonwealth Bank of Australia now owns 12,400 shares of the construction company’s stock valued at $400,000 after acquiring an additional 8,400 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AECOM by 53.7% in the second quarter. JPMorgan Chase & Co. now owns 401,338 shares of the construction company’s stock valued at $12,975,000 after acquiring an additional 140,274 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of AECOM by 0.3% in the second quarter. Alliancebernstein L.P. now owns 2,816,118 shares of the construction company’s stock valued at $91,045,000 after acquiring an additional 7,075 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
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AECOM (NYSE ACM) traded down 0.55% on Friday, hitting $36.37. The stock had a trading volume of 570,815 shares. The company has a 50 day moving average price of $33.93 and a 200-day moving average price of $33.24. AECOM has a 52-week low of $26.46 and a 52-week high of $40.72. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 22.27 and a beta of 1.69.
AECOM declared that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 18.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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