Brokers Offer Predictions for Aecom Technology Corp.’s FY2016 Earnings (ACM)
Aecom Technology Corp. (NYSE:ACM) – Investment analysts at KeyCorp reduced their FY2016 earnings per share (EPS) estimates for Aecom Technology Corp. in a report released on Monday. KeyCorp analyst T. Afzal now anticipates that the firm will earn $3.12 per share for the year, down from their previous forecast of $3.17. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Aecom Technology Corp.’s Q4 2016 earnings at $0.76 EPS.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The company earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share.
Several other equities analysts also recently commented on the company. Citigroup Inc. set a $43.00 price objective on Aecom Technology Corp. and gave the company a “buy” rating in a research report on Friday, September 23rd. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Aecom Technology Corp. in a research report on Wednesday, September 7th. Deutsche Bank AG cut their price objective on Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, August 22nd. Argus reaffirmed a “hold” rating on shares of Aecom Technology Corp. in a research report on Thursday, August 18th. Finally, Zacks Investment Research downgraded Aecom Technology Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.18.
Aecom Technology Corp. (NYSE:ACM) opened at 29.48 on Wednesday. The company’s 50-day moving average is $30.78 and its 200 day moving average is $31.86. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 51.54 and a beta of 1.89. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $36.20.
A number of large investors have recently added to or reduced their stakes in ACM. Greenhaven Associates Inc. acquired a new stake in Aecom Technology Corp. during the second quarter worth approximately $47,938,000. Primecap Management Co. CA boosted its stake in Aecom Technology Corp. by 17.1% in the first quarter. Primecap Management Co. CA now owns 7,470,676 shares of the company’s stock worth $230,022,000 after buying an additional 1,092,631 shares during the period. Norges Bank acquired a new stake in Aecom Technology Corp. during the fourth quarter worth approximately $32,424,000. Emerald Acquisition Ltd. acquired a new stake in Aecom Technology Corp. during the second quarter worth approximately $25,042,000. Finally, JPMorgan Chase & Co. boosted its stake in Aecom Technology Corp. by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 3,648,310 shares of the company’s stock worth $112,332,000 after buying an additional 354,408 shares during the period. Institutional investors own 84.46% of the company’s stock.
In related news, CEO Michael S. Burke sold 2,909 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $34.00, for a total transaction of $98,906.00. Following the completion of the sale, the chief executive officer now directly owns 108,562 shares in the company, valued at approximately $3,691,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Daniel R. Tishman sold 30,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $35.20, for a total value of $1,056,000.00. Following the sale, the insider now owns 229,262 shares of the company’s stock, valued at $8,070,022.40. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.
About Aecom Technology Corp.
AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.
Receive News & Stock Ratings for Aecom Technology Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecom Technology Corp. and related stocks with our FREE daily email newsletter.