FY2022 EPS Estimates for North American Construction Group Ltd. (TSE:NOA) Cut by Raymond James

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) – Equities researchers at Raymond James reduced their FY2022 earnings per share (EPS) estimates for North American Construction Group in a note issued to investors on Thursday, April 28th. Raymond James analyst B. Fast now anticipates that the company will earn $2.30 per share for the year, down from their previous estimate of $2.35. Raymond James has a “Outperform” rating and a $27.50 price objective on the stock. Raymond James also issued estimates for North American Construction Group’s FY2023 earnings at $2.60 EPS.

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 for the quarter, beating the Zacks’ consensus estimate of C$0.57 by C$0.02. The business had revenue of C$181.00 million during the quarter, compared to analysts’ expectations of C$185.50 million.

Several other analysts have also weighed in on the company. Canaccord Genuity Group upped their target price on North American Construction Group from C$28.00 to C$29.00 in a report on Friday, February 18th. BMO Capital Markets decreased their price objective on North American Construction Group from C$26.00 to C$24.00 in a research note on Thursday. National Bankshares increased their target price on North American Construction Group from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th. Finally, CIBC increased their target price on North American Construction Group from C$22.00 to C$23.00 and gave the stock a “neutral” rating in a research report on Friday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and an average target price of C$26.30.

North American Construction Group stock opened at C$16.73 on Friday. The company has a debt-to-equity ratio of 141.93, a quick ratio of 0.59 and a current ratio of 0.91. The firm has a market capitalization of C$501.47 million and a price-to-earnings ratio of 10.18. North American Construction Group has a fifty-two week low of C$14.75 and a fifty-two week high of C$22.00. The stock’s fifty day moving average is C$18.75 and its two-hundred day moving average is C$18.95.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders 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 1.91%. The ex-dividend date of this dividend was Thursday, March 3rd. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.04. North American Construction Group’s dividend payout ratio (DPR) is 9.73%.

In other North American Construction Group news, insider North American Construction Group Ltd. acquired 3,000 shares of the stock in a transaction on Monday, April 18th. The stock was purchased at an average price of C$18.80 per share, for a total transaction of C$56,409.90. Following the purchase, the insider now directly owns 3,000 shares in the company, valued at C$56,409.90. Also, Director Martin Robert Ferron acquired 10,000 shares of the stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average price of C$19.01 per share, with a total value of C$190,100.00. Following the purchase, the director now owns 2,126,857 shares in the company, valued at C$40,431,551.57. In the last 90 days, insiders have acquired 101,296 shares of company stock valued at $1,851,473.

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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