Analysts expect Aegion Corp (NASDAQ:AEGN) to report $322.57 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Aegion’s earnings, with estimates ranging from $307.70 million to $330.00 million. Aegion reported sales of $321.80 million during the same quarter last year, which indicates a positive year over year growth rate of 0.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Aegion will report full year sales of $322.57 million for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next year, analysts forecast that the company will post sales of $1.32 billion per share, with estimates ranging from $1.30 billion to $1.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Aegion.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The company had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.98 million. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. Aegion’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share.

Several research firms recently weighed in on AEGN. TheStreet cut shares of Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Craig Hallum cut shares of Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Hilliard Lyons cut shares of Aegion from a “buy” rating to a “neutral” rating in a research report on Thursday, December 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Aegion presently has a consensus rating of “Hold” and an average target price of $26.75.

Aegion (NASDAQ:AEGN) opened at $25.40 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.36 and a quick ratio of 2.09. The firm has a market cap of $825.86, a P/E ratio of -20.99, a P/E/G ratio of 1.51 and a beta of 1.77. Aegion has a 52-week low of $19.11 and a 52-week high of $28.19.

In other news, EVP David F. Morris sold 9,239 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now directly owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The disclosure for this sale can be found here. 3.62% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in AEGN. Public Employees Retirement System of Ohio boosted its stake in shares of Aegion by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock valued at $102,000 after purchasing an additional 426 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Aegion during the third quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new stake in shares of Aegion during the third quarter valued at approximately $133,000. Eqis Capital Management Inc. purchased a new stake in shares of Aegion during the third quarter valued at approximately $210,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Aegion during the third quarter valued at approximately $240,000. 92.99% of the stock is owned by hedge funds and other institutional investors.

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Aegion Company Profile

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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Earnings History and Estimates for Aegion (NASDAQ:AEGN)

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