AECOM (NYSE:ACM) Updates FY24 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $4.35-4.55 for the period, compared to the consensus EPS estimate of $4.48. AECOM also updated its FY 2024 guidance to 4.350-4.550 EPS.

AECOM Stock Down 2.1 %

ACM stock traded down $2.06 during mid-day trading on Tuesday, hitting $94.23. 725,097 shares of the company were exchanged, compared to its average volume of 724,152. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.82 billion, a PE ratio of 207.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The firm has a fifty day simple moving average of $93.82 and a 200 day simple moving average of $89.67.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is 195.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial assumed coverage on AECOM in a research note on Thursday, March 14th. They issued a buy rating and a $106.00 target price on the stock. Barclays increased their price objective on AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. TheStreet upgraded AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Royal Bank of Canada reiterated an outperform rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Finally, Robert W. Baird upped their price target on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average target price of $106.43.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.