Aecon Group (TSE:ARE) Announces Earnings Results

Aecon Group (TSE:ARE) released its quarterly earnings results on Thursday. The company reported C$0.52 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.54 billion for the quarter. Aecon Group had a return on equity of 0.92% and a net margin of 0.16%.

Aecon Group Stock Up 6.2%

TSE:ARE traded up C$2.32 on Friday, hitting C$39.90. The stock had a trading volume of 126,567 shares, compared to its average volume of 363,533. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$40.48. The firm’s fifty day simple moving average is C$34.95 and its two-hundred day simple moving average is C$28.98. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15. The stock has a market cap of C$2.53 billion, a P/E ratio of 285.00, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their target price on Aecon Group from C$30.00 to C$34.25 and gave the stock a “hold” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$33.43.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.