Analysts expect Aecom (NYSE:ACM) to post $5.27 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Aecom’s earnings. The highest sales estimate is $5.52 billion and the lowest is $5.15 billion. Aecom posted sales of $4.86 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The company is scheduled to report its next earnings results on Monday, November 12th.
On average, analysts expect that Aecom will report full year sales of $20.12 billion for the current financial year, with estimates ranging from $20.00 billion to $20.36 billion. For the next fiscal year, analysts anticipate that the business will post sales of $20.92 billion per share, with estimates ranging from $20.42 billion to $21.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Aecom.
Aecom (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Aecom had a net margin of 0.72% and a return on equity of 9.86%. During the same quarter last year, the company posted $0.78 earnings per share.
A number of analysts have commented on ACM shares. Citigroup cut their price target on shares of Aecom from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Credit Suisse Group cut their price target on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $40.00 price target on shares of Aecom in a research note on Wednesday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.00.
In other news, EVP Carla J. Christofferson sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $33.00, for a total transaction of $33,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC acquired a new stake in shares of Aecom during the 2nd quarter worth about $185,000. Paloma Partners Management Co acquired a new stake in shares of Aecom during the 2nd quarter worth about $242,000. Raymond James & Associates raised its stake in Aecom by 34.6% in the 2nd quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock worth $263,000 after purchasing an additional 2,044 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Aecom in the 2nd quarter worth about $300,000. Finally, Conning Inc. acquired a new stake in Aecom in the 1st quarter worth about $336,000. Institutional investors own 84.42% of the company’s stock.
Shares of ACM stock opened at $33.26 on Thursday. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.26 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.87. Aecom has a one year low of $30.95 and a one year high of $39.90.
Aecom Company Profile
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.
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