Brokerages Anticipate Aegion Co. (AEGN) Will Announce Quarterly Sales of $333.70 Million

Wall Street brokerages expect Aegion Co. (NASDAQ:AEGN) to post sales of $333.70 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aegion’s earnings, with the highest sales estimate coming in at $337.40 million and the lowest estimate coming in at $330.00 million. Aegion reported sales of $354.47 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Aegion will report full-year sales of $1.34 billion for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next year, analysts anticipate that the firm will post sales of $1.39 billion per share, with estimates ranging from $1.38 billion to $1.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Aegion.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). Aegion had a negative net margin of 5.99% and a positive return on equity of 6.22%. The company had revenue of $337.50 million during the quarter, compared to analysts’ expectations of $332.50 million.

A number of research firms have recently weighed in on AEGN. BidaskClub cut Aegion from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a research report on Monday, February 19th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Aegion in a research report on Thursday, March 1st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.75.

In other news, Director Alfred L. Woods sold 7,500 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $24.15, for a total value of $181,125.00. Following the completion of the transaction, the director now owns 63,134 shares of the company’s stock, valued at approximately $1,524,686.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael D. White sold 4,141 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $96,733.76. The disclosure for this sale can be found here. In the last three months, insiders sold 31,641 shares of company stock valued at $745,059. Insiders own 3.37% of the company’s stock.

Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. acquired a new position in shares of Aegion in the 4th quarter valued at about $209,000. Teacher Retirement System of Texas purchased a new position in shares of Aegion in the 4th quarter valued at about $291,000. Global X Management Co. LLC increased its stake in shares of Aegion by 245.3% in the 1st quarter. Global X Management Co. LLC now owns 11,586 shares of the construction company’s stock valued at $265,000 after purchasing an additional 8,231 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Aegion in the 4th quarter valued at about $383,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Aegion in the 4th quarter valued at about $601,000. 93.35% of the stock is owned by institutional investors and hedge funds.

Shares of Aegion traded down $0.16, reaching $24.76, during trading on Monday, Marketbeat reports. The company’s stock had a trading volume of 87,725 shares, compared to its average volume of 136,666. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.37 and a quick ratio of 2.08. The stock has a market capitalization of $812.23 million, a price-to-earnings ratio of 24.04, a PEG ratio of 1.44 and a beta of 1.72. Aegion has a 1-year low of $24.86 and a 1-year high of $25.05.

Aegion Company Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. 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 companies.

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Earnings History and Estimates for Aegion (NASDAQ:AEGN)

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