AECOM (ACM) Updates FY18 Earnings Guidance
AECOM (NYSE:ACM) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $2.05-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.86.
ACM has been the topic of several analyst reports. KeyCorp restated a buy rating on shares of AECOM in a report on Friday, September 22nd. Zacks Investment Research lowered shares of AECOM from a hold rating to a sell rating in a research report on Friday, July 21st. Credit Suisse Group reaffirmed a hold rating and set a $37.00 target price on shares of AECOM in a research report on Thursday, August 10th. Citigroup Inc. reaffirmed a buy rating and set a $4.00 target price (down previously from $40.00) on shares of AECOM in a research report on Friday, October 27th. Finally, Robert W. Baird reissued a neutral rating and issued a $38.00 price target (up previously from $36.00) on shares of AECOM in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $35.20.
Shares of AECOM (ACM) traded down $0.04 during mid-day trading on Monday, hitting $35.59. The stock had a trading volume of 1,235,200 shares, compared to its average volume of 959,544. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. The company has a market cap of $5,580.00, a PE ratio of 12.49, a PEG ratio of 1.89 and a beta of 1.71. AECOM has a one year low of $30.15 and a one year high of $40.72.
AECOM (NYSE:ACM) last posted its earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. AECOM had a return on equity of 12.19% and a net margin of 1.46%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the business earned $0.65 EPS. AECOM’s revenue for the quarter was up 12.3% compared to the same quarter last year. analysts anticipate that AECOM will post 2.9 EPS for the current year.
AECOM declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 18.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
In other news, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total value of $2,093,648.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.
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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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