North American Construction Group (NOA) Set to Announce Earnings on Wednesday

North American Construction Group (TSE:NOA) (NYSE:NOA) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The company had revenue of C$326.30 million during the quarter, compared to analyst estimates of C$315.13 million. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%.

North American Construction Group Stock Performance

Shares of TSE NOA traded down C$0.27 during mid-day trading on Tuesday, hitting C$30.01. The company had a trading volume of 4,450 shares, compared to its average volume of 70,982. North American Construction Group has a 12 month low of C$24.18 and a 12 month high of C$34.87. The stock has a market cap of C$802.17 million, a price-to-earnings ratio of 14.49, a PEG ratio of 0.79 and a beta of 1.70. The company has a debt-to-equity ratio of 201.05, a current ratio of 0.91 and a quick ratio of 0.79. The firm’s 50 day simple moving average is C$31.39 and its two-hundred day simple moving average is C$29.71.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 annualized dividend and a yield of 1.33%. North American Construction Group’s payout ratio is 19.14%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00. Insiders own 8.44% of the company’s stock.

Analysts Set New Price Targets

NOA has been the topic of a number of research analyst reports. CIBC lifted their target price on North American Construction Group from C$32.50 to C$33.00 in a report on Friday, March 15th. National Bankshares raised their price objective on North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. ATB Capital reduced their price target on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price objective on the stock in a research note on Thursday, April 18th. Finally, BMO Capital Markets lowered their price target on shares of North American Construction Group from C$42.00 to C$39.00 in a report on Tuesday, April 23rd.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.