Aegion Corp. (AEGN) Set to Announce Earnings on Tuesday
Aegion Corp. (NASDAQ:AEGN) is scheduled to release its earnings data after the market closes on Tuesday, October 4th. Analysts expect Aegion Corp. to post earnings of $0.36 per share for the quarter.
Aegion Corp. (NASDAQ:AEGN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The business had revenue of $297.69 million for the quarter, compared to analyst estimates of $313.10 million. During the same period last year, the business earned $0.35 EPS. The company’s revenue was down 11.7% on a year-over-year basis. On average, analysts expect Aegion Corp. to post $1.13 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 19.07 on Monday. The stock has a 50 day moving average of $18.58 and a 200-day moving average of $19.68. The firm’s market capitalization is $632.59 million. Aegion Corp. has a one year low of $16.00 and a one year high of $22.41.
A number of large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Aegion Corp. by 1.4% in the second quarter. State Street Corp now owns 810,834 shares of the company’s stock valued at $15,821,000 after buying an additional 11,204 shares in the last quarter. Bluestein R H & Co. increased its stake in Aegion Corp. by 20.0% in the second quarter. Bluestein R H & Co. now owns 12,000 shares of the company’s stock valued at $234,000 after buying an additional 2,000 shares in the last quarter. Advisor Group Inc. acquired a new stake in Aegion Corp. during the second quarter valued at about $253,000. Picton Mahoney Asset Management acquired a new stake in Aegion Corp. during the second quarter valued at about $104,000. Finally, Teachers Advisors Inc. increased its stake in Aegion Corp. by 3.2% in the second quarter. Teachers Advisors Inc. now owns 58,586 shares of the company’s stock valued at $1,143,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.
A number of research firms recently issued reports on AEGN. Hilliard Lyons upgraded shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Sidoti began coverage on shares of Aegion Corp. in a report on Monday, June 27th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.00.
About Aegion Corp.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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