Zacks: Analysts Expect Aecom (NYSE:ACM) Will Post Earnings of $0.71 Per Share

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Wall Street analysts expect Aecom (NYSE:ACM) to report earnings of $0.71 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Aecom’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.69. Aecom reported earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.5%. The business is expected to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Aecom will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.83. For the next fiscal year, analysts forecast that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.15 to $3.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Aecom.

Aecom (NYSE:ACM) last announced its quarterly earnings data on Wednesday, May 8th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Aecom had a net margin of 1.34% and a return on equity of 10.08%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share.

ACM has been the subject of several analyst reports. Deutsche Bank reiterated a “buy” rating and set a GBX 4,000 ($52.27) price target on shares of in a report on Tuesday, June 18th. Credit Suisse Group cut shares of to a “neutral” rating and boosted their price target for the stock from GBX 2,250 ($29.40) to GBX 2,360 ($30.84) in a report on Tuesday, June 18th. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. TheStreet cut shares of Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.75.

Shares of ACM stock traded down $0.12 during trading on Thursday, reaching $36.68. The company’s stock had a trading volume of 836,416 shares, compared to its average volume of 913,268. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.82 billion, a P/E ratio of 13.69 and a beta of 1.75. The company has a 50-day simple moving average of $34.76. Aecom has a 1-year low of $24.83 and a 1-year high of $38.20.

In other news, EVP Carla J. Christofferson sold 8,403 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $32.00, for a total transaction of $268,896.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

Several large investors have recently modified their holdings of the company. Primecap Management Co. CA lifted its position in shares of Aecom by 0.8% during the 1st quarter. Primecap Management Co. CA now owns 21,695,534 shares of the construction company’s stock worth $643,706,000 after buying an additional 182,800 shares during the last quarter. BlackRock Inc. lifted its position in shares of Aecom by 1.9% during the 1st quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock worth $403,316,000 after buying an additional 254,349 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Aecom by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,798,549 shares of the construction company’s stock worth $127,160,000 after buying an additional 60,019 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Aecom by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,631,090 shares of the construction company’s stock worth $43,223,000 after buying an additional 63,085 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Aecom by 77.1% during the 4th quarter. Millennium Management LLC now owns 723,681 shares of the construction company’s stock worth $19,178,000 after buying an additional 315,027 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.

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Earnings History and Estimates for Aecom (NYSE:ACM)

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