Aegion Corp (NASDAQ:AEGN) – DA Davidson increased their FY2020 earnings per share (EPS) estimates for Aegion in a research note issued to investors on Monday, November 4th. DA Davidson analyst B. Thielman now expects that the construction company will earn $1.40 per share for the year, up from their prior estimate of $1.32.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Aegion had a positive return on equity of 7.82% and a negative net margin of 0.71%. The firm had revenue of $308.80 million during the quarter, compared to analyst estimates of $326.82 million. During the same period last year, the company earned $0.45 EPS. Aegion’s quarterly revenue was down 9.1% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. BidaskClub raised Aegion from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus set a $24.00 target price on Aegion and gave the company a “hold” rating in a research report on Thursday, September 12th. Finally, ValuEngine lowered Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.33.

Shares of AEGN stock opened at $22.01 on Tuesday. Aegion has a 52-week low of $14.12 and a 52-week high of $22.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.74 and a current ratio of 1.99. The firm has a market capitalization of $683.58 million, a P/E ratio of 18.50, a P/E/G ratio of 1.77 and a beta of 2.19. The stock has a 50 day moving average price of $21.19 and a 200 day moving average price of $18.67.

Hedge funds and other institutional investors have recently modified their holdings of the business. Meadow Creek Investment Management LLC raised its position in Aegion by 9.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,552 shares of the construction company’s stock valued at $120,000 after purchasing an additional 560 shares in the last quarter. Bank of Montreal Can raised its position in Aegion by 67.6% during the 2nd quarter. Bank of Montreal Can now owns 7,617 shares of the construction company’s stock valued at $139,000 after purchasing an additional 3,071 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Aegion by 9.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,956 shares of the construction company’s stock valued at $146,000 after purchasing an additional 680 shares in the last quarter. Strs Ohio raised its position in Aegion by 7.0% during the 2nd quarter. Strs Ohio now owns 9,200 shares of the construction company’s stock valued at $169,000 after purchasing an additional 600 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Aegion by 31.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,244 shares of the construction company’s stock valued at $170,000 after purchasing an additional 2,202 shares in the last quarter. 94.14% of the stock is owned by institutional investors and hedge funds.

About Aegion

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.

Recommended Story: How Do I Invest in Dividend Stocks

Earnings History and Estimates for Aegion (NASDAQ:AEGN)

Receive News & Ratings for Aegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion and related companies with MarketBeat.com's FREE daily email newsletter.