North American Construction Group Ltd. Forecasted to Earn FY2023 Earnings of $2.67 Per Share (TSE:NOA)

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) – Raymond James issued their FY2023 earnings estimates for shares of North American Construction Group in a research report issued to clients and investors on Monday, April 25th. Raymond James analyst B. Fast forecasts that the company will earn $2.67 per share for the year. Raymond James has a “Outperform” rating and a $27.50 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group increased their price target on North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. National Bankshares increased their price objective on North American Construction Group from C$27.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, February 18th. Finally, CIBC increased their price objective on North American Construction Group from C$22.00 to C$23.00 and gave the company a “neutral” rating in a report on Friday, February 18th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$26.30.

NOA stock opened at C$17.82 on Wednesday. The company has a debt-to-equity ratio of 141.93, a current ratio of 0.91 and a quick ratio of 0.59. The firm has a market capitalization of C$534.14 million and a P/E ratio of 10.84. The business’s 50-day moving average is C$18.85 and its two-hundred day moving average is C$18.97. North American Construction Group has a 1 year low of C$14.05 and a 1 year high of C$22.00.

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, February 16th. The company reported C$0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.02. The company had revenue of C$181.00 million during the quarter, compared to analyst estimates of C$185.50 million.

In related news, insider North American Construction Group Ltd. acquired 24,296 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was bought at an average cost of C$17.94 per share, with a total value of C$435,858.09. Following the transaction, the insider now owns 24,296 shares of the company’s stock, valued at C$435,858.09. Also, Director Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock in a transaction dated Tuesday, February 22nd. The stock was acquired at an average cost of C$19.01 per share, with a total value of C$190,100.00. Following the completion of the acquisition, the director now directly owns 2,126,857 shares in the company, valued at C$40,431,551.57. Insiders have acquired a total of 101,296 shares of company stock valued at $1,851,473 over the last ninety days.

The company also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 4th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from North American Construction Group’s previous quarterly dividend of $0.04. North American Construction Group’s dividend payout ratio (DPR) is currently 9.73%.

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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