Aecom Technology Corp. (ACM) Issues Quarterly Earnings Results
Aecom Technology Corp. (NYSE:ACM) posted its quarterly earnings results on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share.
Aecom Technology Corp. (NYSE:ACM) opened at 32.22 on Monday. The company has a market cap of $4.95 billion, a P/E ratio of 56.33 and a beta of 1.80. The firm’s 50 day moving average is $28.45 and its 200-day moving average is $31.35. Aecom Technology Corp. has a 52 week low of $22.80 and a 52 week high of $36.20.
In other news, insider Frederick W. Werner sold 27,787 shares of the business’s stock in a transaction dated 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 directly owns 62,936 shares in the company, valued at approximately $1,751,508.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.14% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Aecom Technology Corp. stock. Comerica Bank boosted its position in Aecom Technology Corp. (NYSE:ACM) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,973 shares of the company’s stock after buying an additional 3,531 shares during the period. Comerica Bank owned about 0.07% of Aecom Technology Corp. worth $3,783,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
A number of analysts have recently weighed in on ACM shares. Zacks Investment Research lowered shares of Aecom Technology Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Argus reiterated a “hold” rating on shares of Aecom Technology Corp. in a report on Thursday, August 18th. DA Davidson increased 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 lowered shares of Aecom Technology Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $43.00 target price on shares of Aecom Technology Corp. in a report on Friday, September 30th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.00.
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.
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