Analysts forecast that Aegion Corp (NASDAQ:AEGN) will post sales of $311.00 million for the current quarter, Zacks reports. Two analysts have issued estimates for Aegion’s earnings. The highest sales estimate is $312.00 million and the lowest is $310.00 million. Aegion posted sales of $337.50 million during the same quarter last year, which suggests a negative year-over-year growth rate of 7.9%. The business is expected to report its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Aegion will report full-year sales of $1.31 billion for the current financial year. For the next financial year, analysts anticipate that the business will post sales of $1.32 billion, with estimates ranging from $1.30 billion to $1.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Aegion.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). The business had revenue of $339.68 million during the quarter, compared to the consensus estimate of $344.25 million. Aegion had a positive return on equity of 7.42% and a negative net margin of 0.55%.

A number of brokerages have recently commented on AEGN. Zacks Investment Research raised shares of Aegion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of Aegion from a “strong sell” rating to a “sell” rating in a research report on Friday, December 21st. ValuEngine downgraded shares of Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Canaccord Genuity downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Maxim Group began coverage on shares of Aegion in a research report on Monday, January 7th. They issued a “hold” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.75.

In related news, CFO David F. Morris acquired 10,000 shares of the company’s stock in a transaction on Friday, November 16th. The shares were acquired at an average cost of $18.50 per share, for a total transaction of $185,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.37% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. bought a new position in shares of Aegion during the third quarter valued at approximately $201,000. BlueMountain Capital Management LLC raised its stake in shares of Aegion by 293.5% in the second quarter. BlueMountain Capital Management LLC now owns 9,748 shares of the construction company’s stock worth $251,000 after acquiring an additional 7,271 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Aegion by 26.5% in the third quarter. Xact Kapitalforvaltning AB now owns 11,930 shares of the construction company’s stock worth $303,000 after acquiring an additional 2,500 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Aegion in the second quarter worth about $312,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Aegion in the third quarter worth about $324,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Shares of AEGN stock traded down $0.01 during trading on Friday, reaching $18.22. The company’s stock had a trading volume of 4,925 shares, compared to its average volume of 143,574. The company has a quick ratio of 1.89, a current ratio of 2.17 and a debt-to-equity ratio of 0.57. The firm has a market cap of $585.85 million, a PE ratio of 17.78, a P/E/G ratio of 1.33 and a beta of 1.92. Aegion has a one year low of $15.12 and a one year high of $26.80.

Aegion Company Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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