Zacks: Analysts Anticipate Aegion Corp (AEGN) Will Post Quarterly Sales of $343.33 Million
Analysts predict that Aegion Corp (NASDAQ:AEGN) will report $343.33 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Aegion Corp’s earnings, with the highest sales estimate coming in at $350.00 million and the lowest estimate coming in at $337.50 million. Aegion Corp posted sales of $308.52 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The business is expected to issue its next quarterly earnings results on Monday, October 30th.
According to Zacks, analysts expect that Aegion Corp will report full year sales of $343.33 million for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.30 billion per share, with estimates ranging from $1.28 billion to $1.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Aegion Corp.
Aegion Corp (NASDAQ:AEGN) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by $0.08. The company had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. Aegion Corp had a net margin of 3.57% and a return on equity of 7.52%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share.
AEGN has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Aegion Corp in a research note on Friday, April 21st. Hilliard Lyons lowered shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Craig Hallum raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 23rd. Sidoti lowered shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. Finally, TheStreet lowered shares of Aegion Corp from a “b” rating to a “c” rating in a research note on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aegion Corp currently has a consensus rating of “Hold” and a consensus target price of $23.17.
Shares of Aegion Corp (NASDAQ:AEGN) opened at 20.42 on Friday. The company has a market capitalization of $644.21 million, a PE ratio of 15.07 and a beta of 1.67. Aegion Corp has a 12 month low of $17.18 and a 12 month high of $26.68. The firm’s 50-day moving average is $22.25 and its 200 day moving average is $22.02.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Aegion Corp during the first quarter worth $119,000. State of Alaska Department of Revenue raised its position in Aegion Corp by 76.6% in the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after buying an additional 2,874 shares during the period. Bank of Montreal Can raised its position in Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock worth $176,000 after buying an additional 3,614 shares during the period. Mason Street Advisors LLC raised its position in Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock worth $181,000 after buying an additional 480 shares during the period. Finally, RBF Capital LLC acquired a new position in Aegion Corp during the first quarter worth $209,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.
About Aegion Corp
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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