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.

Several equities analysts have issued reports on AEGN shares. BidaskClub lowered Aegion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Hilliard Lyons raised Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 4th. Canaccord Genuity upped their target price on Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, TheStreet lowered Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.33.

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.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Aegion Corp (AEGN) Will Announce Earnings of $0.23 Per Share” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/20/analysts-anticipate-aegion-corp-aegn-will-announce-earnings-of-0-23-per-share.html.

About Aegion

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.

Get a free copy of the Zacks research report on Aegion (AEGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Aegion (NASDAQ:AEGN)

Receive News & Ratings for Aegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion and related companies with MarketBeat.com's FREE daily email newsletter.