AECOM (NYSE:ACM) Releases FY 2022 Earnings Guidance

AECOM (NYSE:ACMGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.30-$3.50 for the period, compared to the consensus earnings per share estimate of $3.43. The company issued revenue guidance of -.AECOM also updated its FY 2024 guidance to $4.75- EPS.

A number of research analysts recently weighed in on ACM shares. Argus boosted their target price on AECOM from $80.00 to $82.00 in a report on Tuesday, February 15th. Robert W. Baird reduced their target price on AECOM from $88.00 to $81.00 in a report on Tuesday, May 10th. Royal Bank of Canada started coverage on AECOM in a research report on Wednesday, April 27th. They issued an outperform rating and a $91.00 target price for the company. Finally, StockNews.com cut AECOM from a buy rating to a hold rating in a research note on Monday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $85.44.

Shares of NYSE ACM opened at $66.55 on Monday. The firm has a 50-day simple moving average of $74.48 and a two-hundred day simple moving average of $73.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.08 and a quick ratio of 1.08. AECOM has a 1 year low of $58.36 and a 1 year high of $79.97. The company has a market cap of $9.41 billion, a P/E ratio of 45.58, a PEG ratio of 0.99 and a beta of 1.44.

AECOM (NYSE:ACMGet Rating) last issued its quarterly earnings data on Monday, May 9th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. AECOM had a net margin of 1.59% and a return on equity of 17.18%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. AECOM’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that AECOM will post 3.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Wednesday, April 6th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. AECOM’s dividend payout ratio (DPR) is presently 41.10%.

A number of large investors have recently made changes to their positions in ACM. Cetera Investment Advisers lifted its stake in shares of AECOM by 3.0% in the first quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock valued at $700,000 after purchasing an additional 264 shares during the period. Bank of Montreal Can increased its position in AECOM by 3.5% during the 1st quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock worth $2,676,000 after purchasing an additional 1,162 shares in the last quarter. Wells Fargo & Company MN increased its position in AECOM by 0.6% during 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 in the last quarter. HighTower Advisors LLC grew its holdings in AECOM by 31.9% in the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after buying an additional 1,378 shares during the period. Finally, Covestor Ltd grew its holdings in AECOM by 1,261.6% in the 1st quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock valued at $117,000 after buying an additional 1,413 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.

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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