Aecom (ACM) Expected to Post Quarterly Sales of $5.27 Billion

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Equities analysts predict that Aecom (NYSE:ACM) will report sales of $5.27 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Aecom’s earnings. The lowest sales estimate is $5.15 billion and the highest is $5.52 billion. Aecom reported sales of $4.86 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The company is expected to announce its next quarterly earnings report on Monday, November 12th.

On average, analysts expect that Aecom will report full-year sales of $20.12 billion for the current year, with estimates ranging from $20.00 billion to $20.36 billion. For the next financial year, analysts forecast that the firm will post sales of $20.92 billion, with estimates ranging from $20.42 billion to $21.43 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Aecom.

Aecom (NYSE:ACM) last released its quarterly earnings data on Tuesday, August 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Aecom had a net margin of 0.72% and a return on equity of 9.86%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Credit Suisse Group decreased their price objective on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. Citigroup decreased their price objective on shares of Aecom from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.67.

In related news, insider Lara Poloni sold 1,607 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the transaction, the insider now owns 2,288 shares in the company, valued at $74,337.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.74% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ACM. Investment House LLC raised its holdings in shares of Aecom by 12.3% during the third quarter. Investment House LLC now owns 36,655 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 4,025 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Aecom by 0.7% during the second quarter. Northern Trust Corp now owns 1,220,668 shares of the construction company’s stock valued at $40,318,000 after purchasing an additional 8,818 shares during the last quarter. Global X Management Co LLC raised its holdings in shares of Aecom by 17.9% during the second quarter. Global X Management Co LLC now owns 38,712 shares of the construction company’s stock valued at $1,279,000 after purchasing an additional 5,882 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Aecom during the second quarter valued at approximately $813,000. Finally, California Public Employees Retirement System raised its holdings in shares of Aecom by 22.9% during the second quarter. California Public Employees Retirement System now owns 443,257 shares of the construction company’s stock valued at $14,641,000 after purchasing an additional 82,480 shares during the last quarter. Institutional investors own 84.41% of the company’s stock.

Shares of ACM stock traded down $0.04 during mid-day trading on Wednesday, reaching $30.75. The stock had a trading volume of 1,235,100 shares, compared to its average volume of 832,034. Aecom has a 52-week low of $30.37 and a 52-week high of $39.90. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.19 and a beta of 1.57. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87.

About Aecom

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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