AECOM (NYSE:ACM – Get Rating) issued an update on its fiscal 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.30-$3.50 for the period, compared to the consensus estimate of $3.43. The company issued revenue guidance of -.AECOM also updated its guidance for fiscal year 2024 to $4.75-EPS.
NYSE ACM opened at $71.28 on Monday. The company’s 50-day moving average is $72.97 and its 200-day moving average is $73.00. AECOM has a one year minimum of $58.36 and a one year maximum of $79.97. The stock has a market capitalization of $10.07 billion, a P/E ratio of 48.82, a PEG ratio of 1.06 and a beta of 1.44. The firm has a debt-to-equity ratio of 0.82, a current ratio of 1.08, and a quick ratio of 1.08.
AECOM (NYSE:ACM – Get Rating) last issued its quarterly earnings data on Monday, May 9. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The company had revenue of $3.21 billion for the quarter, compared with analyst estimates of $3.39 billion. AECOM had a return on equity of 17.35% and a net margin of 1.59%. AECOM’s revenue fell 1.6% year over year. During the same quarter of the prior year, the company earned $0.67 of earnings per share. Research analysts expect AECOM to post 3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 22. Investors registered on Wednesday, April 6, were paid a dividend of $0.15. The ex-dividend date for this dividend was Tuesday, April 5. This represents an annualized dividend of $0.60 and a yield of 0.84%. AECOM’s pay-out ratio is 41.10%.
Several stock research analysts have recently commented on the company. Robert W. Baird lowered his price target on AECOM from $88.00 to $81.00 in a research note on Tuesday, May 10. StockNews.com downgraded AECOM from a buy rating to a hold rating in a report dated Monday, May 16. Argus increased its price target on AECOM from $80.00 to $82.00 in a research report on Tuesday, February 15. Finally, Royal Bank of Canada began coverage of AECOM in a research report on Wednesday, April 27. They set an upper rating and price target of $91.00 for the company. Three equity research analysts have rated the stock a hold rating and six have given the stock a buy rating. According to MarketBeat data, AECOM currently has a Buy consensus rating and an average price target of $85.44.
Several institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in AECOM shares by 16.7% in the second quarter. Morgan Stanley now owns 602,897 shares of the construction company valued at $38,176,000 after buying an additional 86,352 shares last quarter. LPL Financial LLC increased its stake in AECOM shares by 76.4% in the third quarter. LPL Financial LLC now owns 7,134 shares of the construction company valued at $451,000 after purchasing an additional 3,089 shares last quarter. Metropolitan Life Insurance Co NY increased its holding in AECOM stock by 9.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 25,622 shares of the construction company valued at $1,982,000 after acquiring an additional 2,184 shares in the last quarter. Levin Capital Strategies LP acquired a new equity stake in AECOM in the fourth quarter valued at $214,000. Finally, Thrivent Financial for Lutherans increased its stake in AECOM by 14.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 134,895 shares of the construction company valued at $10,434,000 after buying an additional 17,331 shares last quarter. 86.15% of the shares are owned by institutional investors and hedge funds.
AECOM company profile (Get rating)
AECOM, along with its subsidiaries, provides professional infrastructure consulting services to governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and Asia Pacific. It operates through three segments: Americas, International and AECOM Capital. The company provides planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.
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