Aecom Technology Corp. (ACM) Issues FY17 Earnings Guidance
Aecom Technology Corp. (NYSE:ACM) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.70-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.22.
Shares of Aecom Technology Corp. (NYSE:ACM) opened at 32.22 on Monday. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $36.20. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 56.33 and a beta of 1.80. The firm has a 50-day moving average of $28.45 and a 200-day moving average of $31.35.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Monday, November 14th. The company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. The firm earned $4.32 billion during the quarter, compared to the consensus estimate of $4.66 billion. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. Equities research analysts forecast that Aecom Technology Corp. will post $3.09 EPS for the current fiscal year.
ACM has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Aecom Technology Corp. from a buy rating to a hold rating in a report on Thursday, August 11th. Argus reissued a hold rating on shares of Aecom Technology Corp. in a report on Thursday, August 18th. DA Davidson boosted their target price on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the stock a neutral rating in a report on Wednesday, August 10th. TheStreet downgraded shares of Aecom Technology Corp. from a buy rating to a hold rating in a report on Monday, October 24th. Finally, Citigroup Inc. reissued a buy rating and issued a $43.00 target price on shares of Aecom Technology Corp. in a report on Friday, September 30th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Aecom Technology Corp. presently has a consensus rating of Buy and an average target price of $36.00.
In other news, insider Frederick W. Werner sold 27,787 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $27.83, for a total value of $773,312.21. Following the sale, the insider now owns 62,936 shares of the company’s stock, valued at $1,751,508.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.14% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Aecom Technology Corp. stock. KCG Holdings Inc. boosted its stake in shares of Aecom Technology Corp. (NYSE:ACM) by 45.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,310 shares of the company’s stock after buying an additional 4,180 shares during the period. KCG Holdings Inc.’s holdings in Aecom Technology Corp. were worth $423,000 as of its most recent SEC filing. Institutional investors own 84.80% of the company’s stock.
Aecom Technology Corp. Company Profile
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.
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