AECOM (NYSE:ACM) Releases FY 2024 Earnings Guidance

AECOM (NYSE:ACMGet Rating) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.75- for the period. The company issued revenue guidance of -.AECOM also updated its FY 2022 guidance to $3.30-$3.50 EPS.

AECOM stock traded down $1.68 during trading hours on Monday, hitting $69.49. The stock had a trading volume of 7,858 shares, compared to its average volume of 772,977. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average price is $74.93 and its 200-day moving average price is $73.17. AECOM has a 12-month low of $58.36 and a 12-month high of $79.97. The stock has a market capitalization of $9.82 billion, a P/E ratio of 49.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44.

AECOM (NYSE:ACMGet Rating) last announced its earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. AECOM had a net margin of 1.57% and a return on equity of 16.26%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts expect that AECOM will post 3.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Wednesday, April 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, April 5th. AECOM’s dividend payout ratio (DPR) is 41.96%.

Several analysts have recently weighed in on the company. StockNews.com raised AECOM from a hold rating to a buy rating in a report on Sunday. Argus boosted their target price on AECOM from $80.00 to $82.00 in a research report on Tuesday, February 15th. Finally, Royal Bank of Canada initiated coverage on AECOM in a report on Wednesday, April 27th. They issued an outperform rating and a $91.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $86.22.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in AECOM by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 191,938 shares of the construction company’s stock worth $14,846,000 after purchasing an additional 1,193 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of AECOM by 9.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 25,622 shares of the construction company’s stock valued at $1,982,000 after purchasing an additional 2,184 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in AECOM in the 4th quarter worth $214,000. Vident Investment Advisory LLC bought a new position in AECOM in the 4th quarter worth $230,000. Finally, Deutsche Bank AG raised its holdings in AECOM by 3.4% in the 4th quarter. Deutsche Bank AG now owns 93,759 shares of the construction company’s stock worth $7,252,000 after acquiring an additional 3,060 shares during the period. 86.15% of the stock is currently owned by institutional investors.

AECOM Company Profile (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients.

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