Q2 2022 EPS Estimates for North American Construction Group Ltd. Increased by National Bank Financial (NYSE:NOA)

North American Construction Group Ltd. (NYSE:NOAGet Rating) (TSE:NOA) – Investment analysts at National Bank Financial lifted their Q2 2022 earnings estimates for North American Construction Group in a research report issued to clients and investors on Thursday, April 7th. National Bank Financial analyst M. Sytchev now expects that the oil and gas company will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.44. National Bank Financial also issued estimates for North American Construction Group’s Q3 2022 earnings at $0.53 EPS, Q4 2022 earnings at $0.48 EPS, FY2022 earnings at $1.91 EPS and FY2023 earnings at $2.01 EPS.

North American Construction Group (NYSE:NOAGet Rating) (TSE:NOA) last announced its earnings results on Wednesday, February 16th. The oil and gas company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. North American Construction Group had a return on equity of 22.23% and a net margin of 7.81%. The business had revenue of $143.60 million for the quarter, compared to analyst estimates of $146.51 million. During the same period in the prior year, the company earned $0.28 EPS.

A number of other research firms have also recently issued reports on NOA. StockNews.com cut North American Construction Group from a “strong-buy” rating to a “buy” rating in a report on Monday, April 4th. CIBC initiated coverage on North American Construction Group in a report on Tuesday, January 25th. They issued a “neutral” rating and a $22.00 price objective for the company. TheStreet upgraded North American Construction Group from a “c+” rating to a “b-” rating in a report on Monday, March 7th. Finally, Zacks Investment Research upgraded North American Construction Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $24.50.

NOA opened at $14.48 on Monday. The stock has a 50-day moving average price of $14.96 and a 200-day moving average price of $15.07. North American Construction Group has a 12-month low of $10.56 and a 12-month high of $17.79. The company has a current ratio of 0.91, a quick ratio of 0.64 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $412.03 million, a P/E ratio of 11.22 and a beta of 1.43.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC purchased a new stake in North American Construction Group in the 4th quarter worth approximately $173,000. Bank of America Corp DE lifted its holdings in North American Construction Group by 14.1% in the 4th quarter. Bank of America Corp DE now owns 5,661 shares of the oil and gas company’s stock worth $85,000 after buying an additional 701 shares during the period. Acadian Asset Management LLC purchased a new stake in North American Construction Group in the 4th quarter worth approximately $87,000. Marshall Wace LLP purchased a new stake in North American Construction Group in the 4th quarter worth approximately $100,000. Finally, KB Financial Partners LLC purchased a new stake in North American Construction Group in the 4th quarter worth approximately $163,000. Institutional investors and hedge funds own 44.62% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 4th were issued a $0.063 dividend. The ex-dividend date was Thursday, March 3rd. This represents a $0.25 annualized dividend and a yield of 1.74%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.03. North American Construction Group’s dividend payout ratio (DPR) is 19.38%.

About North American Construction Group (Get Rating)

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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