AECOM (NYSE:ACM – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 4.350-4.550 for the period, compared to the consensus earnings per share estimate of 4.480. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.35-4.55 EPS.
Analyst Ratings Changes
A number of analysts recently weighed in on ACM shares. Robert W. Baird lifted their price target on AECOM from $104.00 to $110.00 and gave the company an outperform rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an outperform rating and set a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. Truist Financial reiterated a buy rating and issued a $113.00 price objective (up previously from $106.00) on shares of AECOM in a research note on Wednesday. TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Finally, Barclays lifted their price target on shares of AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $107.43.
AECOM Price Performance
AECOM (NYSE:ACM – Get Free Report) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. AECOM’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, research analysts predict that AECOM will post 4.43 EPS for the current year.
AECOM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. AECOM’s dividend payout ratio (DPR) is currently 195.56%.
AECOM Company Profile
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.
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