Analysts Anticipate Aegion Corp (AEGN) Will Announce Earnings of $0.23 Per Share
Wall Street brokerages forecast that Aegion Corp (NASDAQ:AEGN) will post earnings per share (EPS) of $0.23 for the current quarter, according to Zacks. Three analysts have provided estimates for Aegion’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.25. Aegion posted earnings of $0.44 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 47.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that Aegion will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.02 to $1.13. For the next financial year, analysts expect that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.44. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Aegion had a positive return on equity of 7.62% and a negative net margin of 3.03%. The firm had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year.
Shares of Aegion (AEGN) traded up $0.31 on Wednesday, reaching $25.77. The company’s stock had a trading volume of 168,808 shares, compared to its average volume of 204,800. Aegion has a 12-month low of $19.11 and a 12-month high of $28.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36. The firm has a market capitalization of $844.07, a price-to-earnings ratio of 20.52, a PEG ratio of 1.93 and a beta of 1.76.
In other news, CFO David A. Martin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at $2,434,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David F. Morris sold 9,239 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. 3.62% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in Aegion by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after buying an additional 426 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Aegion in the 3rd quarter valued at $131,000. SG Americas Securities LLC purchased a new stake in Aegion in the 3rd quarter valued at $133,000. Eqis Capital Management Inc. purchased a new stake in Aegion in the 3rd quarter valued at $210,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Aegion in the 3rd quarter valued at $240,000. 92.96% of the stock is currently owned by institutional investors.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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