$0.65 Earnings Per Share Expected for AECOM (ACM) This Quarter

Brokerages predict that AECOM (NYSE:ACM) will announce $0.65 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AECOM’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.68. AECOM reported earnings per share of $0.89 in the same quarter last year, which would indicate a negative year over year growth rate of 27%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, May 8th.

On average, analysts expect that AECOM will report full year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.59 to $2.73. For the next fiscal year, analysts forecast that the business will post earnings of $3.00 per share, with EPS estimates ranging from $2.87 to $3.14. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for AECOM.

AECOM (NYSE:ACM) last issued its earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.71 billion. AECOM had a net margin of 2.15% and a return on equity of 11.74%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share.

A number of analysts have weighed in on ACM shares. DA Davidson increased their target price on shares of AECOM to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Zacks Investment Research cut shares of AECOM from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Robert W. Baird raised shares of AECOM from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $45.00 in a report on Wednesday, January 3rd. Finally, Citigroup increased their price objective on shares of AECOM from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. AECOM presently has a consensus rating of “Hold” and a consensus price target of $36.60.

Shares of NYSE:ACM traded down $0.21 on Wednesday, reaching $35.49. 712,011 shares of the company’s stock were exchanged, compared to its average volume of 848,581. The stock has a market capitalization of $5,742.82, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.65. AECOM has a fifty-two week low of $30.15 and a fifty-two week high of $39.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.21 and a current ratio of 1.21.

In related news, insider Lara Poloni sold 4,976 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $36.70, for a total value of $182,619.20. Following the completion of the transaction, the insider now owns 3,895 shares in the company, valued at approximately $142,946.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $37.00, for a total transaction of $555,000.00. Following the completion of the transaction, the insider now owns 114,095 shares of the company’s stock, valued at approximately $4,221,515. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ACM. Wells Fargo & Company MN grew its position in AECOM by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 326,329 shares of the construction company’s stock valued at $12,013,000 after buying an additional 10,975 shares in the last quarter. Allianz Asset Management GmbH grew its position in AECOM by 44.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 155,933 shares of the construction company’s stock valued at $5,740,000 after buying an additional 47,791 shares in the last quarter. California Public Employees Retirement System grew its position in AECOM by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 312,779 shares of the construction company’s stock valued at $11,513,000 after buying an additional 8,261 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in AECOM by 10.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 603,064 shares of the construction company’s stock valued at $22,199,000 after buying an additional 55,522 shares in the last quarter. Finally, Pure Financial Advisors Inc. bought a new position in AECOM in the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 84.07% of the company’s stock.

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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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Earnings History and Estimates for AECOM (NYSE:ACM)

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