AECOM (ACM) Expected to Announce Quarterly Sales of $4.63 Billion
Analysts expect that AECOM (NYSE:ACM) will report sales of $4.63 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for AECOM’s earnings. The highest sales estimate is $4.68 billion and the lowest is $4.56 billion. AECOM posted sales of $4.32 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The company is scheduled to announce its next earnings results on Monday, November 13th.
On average, analysts expect that AECOM will report full year sales of $4.63 billion for the current year, with estimates ranging from $17.70 billion to $18.02 billion. For the next year, analysts expect that the firm will post sales of $19.16 billion per share, with estimates ranging from $18.73 billion to $19.77 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AECOM.
AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period last year, the business earned $0.81 EPS. The business’s revenue was up 3.5% on a year-over-year basis.
Several equities research analysts have commented on the company. Canaccord Genuity reissued a “hold” rating and issued a $36.00 target price on shares of AECOM in a report on Tuesday, August 8th. Credit Suisse Group reissued a “hold” rating and issued a $37.00 target price on shares of AECOM in a report on Thursday, August 10th. Robert W. Baird downgraded AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price on the stock. in a report on Tuesday, July 4th. Argus dropped their target price on AECOM from $43.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, June 2nd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $40.00 target price (down from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. AECOM presently has an average rating of “Hold” and a consensus price target of $35.55.
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Several hedge funds and other institutional investors have recently made changes to their positions in ACM. Financial Architects Inc increased its position in shares of AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares during the last quarter. First United Bank Trust increased its position in shares of AECOM by 0.7% in the second quarter. First United Bank Trust now owns 6,770 shares of the construction company’s stock worth $219,000 after buying an additional 50 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of AECOM by 1.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,239 shares of the construction company’s stock worth $258,000 after buying an additional 133 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after buying an additional 160 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of AECOM by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,766 shares of the construction company’s stock worth $953,000 after buying an additional 235 shares during the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
AECOM (NYSE:ACM) opened at 33.50 on Friday. AECOM has a 52 week low of $26.46 and a 52 week high of $40.72. The company has a market capitalization of $5.25 billion, a PE ratio of 20.51 and a beta of 1.75. The firm’s 50-day moving average price is $31.93 and its 200 day moving average price is $33.56.
AECOM Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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