Aecom Technology Corp. (NYSE:ACM) – Equities research analysts at DA Davidson lowered their Q1 2017 EPS estimates for shares of Aecom Technology Corp. in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Rogers now expects that the brokerage will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.54. DA Davidson has a “Hold” rating and a $40.00 price target on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q2 2017 earnings at $0.68 EPS and Q4 2017 earnings at $0.69 EPS.

Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Monday, November 14th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.06. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.92%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share.

TRADEMARK VIOLATION WARNING: “Q1 2017 Earnings Forecast for Aecom Technology Corp. Issued By DA Davidson (ACM)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and reposted in violation of United States & international copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/q1-2017-earnings-forecast-for-aecom-technology-corp-issued-by-da-davidson-acm.html.

Earnings History and Estimates for Aecom Technology Corp. (NYSE:ACM)

A number of other equities research analysts also recently weighed in on ACM. Zacks Investment Research raised Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 4th. TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Argus reaffirmed a “hold” rating on shares of Aecom Technology Corp. in a research note on Thursday, August 18th. Citigroup Inc. reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research note on Friday, August 19th. Finally, Deutsche Bank AG cut their price target on Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.20.

Shares of Aecom Technology Corp. (NYSE:ACM) opened at 36.97 on Monday. The company’s 50 day moving average price is $30.71 and its 200 day moving average price is $31.69. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $37.97. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 59.63 and a beta of 1.80.

Several institutional investors have recently bought and sold shares of ACM. Metropolitan Life Insurance Co. NY increased its position in Aecom Technology Corp. by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 139,155 shares of the company’s stock valued at $4,285,000 after buying an additional 4,935 shares during the period. Babson Capital Management LLC increased its position in Aecom Technology Corp. by 634.4% in the first quarter. Babson Capital Management LLC now owns 64,711 shares of the company’s stock valued at $1,992,000 after buying an additional 55,900 shares during the period. Arizona State Retirement System increased its position in Aecom Technology Corp. by 1.1% in the first quarter. Arizona State Retirement System now owns 72,601 shares of the company’s stock valued at $2,235,000 after buying an additional 800 shares during the period. First Republic Investment Management Inc. bought a new position in Aecom Technology Corp. during the first quarter valued at approximately $1,924,000. Finally, BNP Paribas Arbitrage SA increased its position in Aecom Technology Corp. by 94.4% in the second quarter. BNP Paribas Arbitrage SA now owns 157,952 shares of the company’s stock valued at $5,018,000 after buying an additional 76,717 shares during the period. Institutional investors and hedge funds own 86.02% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Q1 2017 Earnings Forecast for Aecom Technology Corp. Issued By DA Davidson (ACM)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and reposted in violation of United States & international copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2016/11/29/q1-2017-earnings-forecast-for-aecom-technology-corp-issued-by-da-davidson-acm.html.

In other news, insider Frederick W. Werner sold 3,000 shares of Aecom Technology Corp. stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $37.00, for a total transaction of $111,000.00. Following the sale, the insider now owns 38,149 shares of the company’s stock, valued at approximately $1,411,513. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederick W. Werner sold 27,787 shares of Aecom Technology Corp. stock in a transaction that occurred on Friday, September 16th. The stock was 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 disclosure for this sale can be found here. 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.

5 Day Chart for NYSE:ACM

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