Aecom Technology Corp. (ACM) Updates FY17 Earnings Guidance
Aecom Technology Corp. (NYSE:ACM) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.70-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.22.
Shares of Aecom Technology Corp. (NYSE:ACM) opened at 32.22 on Monday. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $36.20. The stock has a 50 day moving average of $28.45 and a 200 day moving average of $31.35. The company has a market cap of $4.95 billion, a P/E ratio of 56.33 and a beta of 1.80.
Aecom Technology Corp. (NYSE:ACM) last issued its earnings results on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. The business earned $4.32 billion during the quarter, compared to the consensus estimate of $4.66 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 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. On average, equities analysts anticipate that Aecom Technology Corp. will post $3.09 earnings per share for the current fiscal year.
ACM has been the topic of several recent analyst reports. TheStreet lowered shares of Aecom Technology Corp. from a buy rating to a hold rating in a research note on Monday, October 24th. Zacks Investment Research raised shares of Aecom Technology Corp. from a strong sell rating to a hold rating in a research note on Monday, October 17th. Citigroup Inc. reissued a buy rating and set a $43.00 price objective on shares of Aecom Technology Corp. in a research note on Friday, September 30th. Canaccord Genuity reissued a hold rating and set a $33.00 price objective on shares of Aecom Technology Corp. in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG reduced their price objective on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a buy rating on the stock in a research note on Monday, August 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $36.00.
In related news, insider Frederick W. Werner sold 27,787 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $27.83, for a total transaction of $773,312.21. Following the transaction, the insider now directly owns 62,936 shares in the company, valued at $1,751,508.88. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.14% of the company’s stock.
An institutional investor recently raised its position 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 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. 84.80% of the stock is currently owned by institutional investors.
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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