North American Construction Group (TSE:NOA) Announces Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) issued its earnings results on Wednesday. The company reported C$0.25 EPS for the quarter, FiscalAI reports. The company had revenue of C$413.28 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%.

North American Construction Group Stock Down 17.0%

North American Construction Group stock opened at C$13.28 on Friday. The firm has a market capitalization of C$357.42 million, a price-to-earnings ratio of 11.86, a PEG ratio of 0.79 and a beta of 0.87. The company’s 50 day simple moving average is C$17.31 and its 200 day simple moving average is C$19.26. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. North American Construction Group has a fifty-two week low of C$12.20 and a fifty-two week high of C$23.49.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Friday, January 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.48 annualized dividend and a yield of 3.6%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Insider Buying and Selling

In other news, insider North American Construction Group Ltd. bought 110,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the acquisition, the insider owned 110,000 shares in the company, valued at approximately C$2,091,100. This trade represents a ∞ increase in their position. Insiders own 8.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 price target on the stock in a research report on Monday, October 26th. National Bank Financial dropped their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$22.64.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.