AECOM (NYSE:ACM) Issues FY 2022 Earnings Guidance

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

A number of brokerages have recently weighed in on ACM. StockNews.com cut AECOM from a buy rating to a hold rating in a research note on Monday, May 16th. Robert W. Baird decreased their price target on AECOM from $88.00 to $81.00 in a report on Tuesday, May 10th. Royal Bank of Canada assumed coverage on AECOM in a report on Wednesday, April 27th. They issued an outperform rating and a $91.00 target price for the company. Finally, Argus boosted their target price on AECOM from $80.00 to $82.00 in a report on Tuesday, February 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $85.44.

Shares of NYSE ACM opened at $67.65 on Monday. AECOM has a 12-month low of $58.36 and a 12-month high of $79.97. The company has a market cap of $9.56 billion, a P/E ratio of 46.34, a P/E/G ratio of 1.01 and a beta of 1.44. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $73.76 and a 200 day moving average price of $73.05.

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 return on equity of 17.35% and a net margin of 1.59%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that AECOM will post 3.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Wednesday, April 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. AECOM’s dividend payout ratio is currently 41.10%.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its position in AECOM by 93.9% in the first quarter. BNP Paribas Arbitrage SA now owns 36,440 shares of the construction company’s stock worth $2,799,000 after buying an additional 17,643 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of AECOM during the 1st quarter valued at $601,000. Lido Advisors LLC boosted its stake in shares of AECOM by 9.5% during the 1st quarter. Lido Advisors LLC now owns 8,734 shares of the construction company’s stock valued at $670,000 after buying an additional 755 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of AECOM during the 1st quarter valued at $25,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AECOM in the 1st quarter valued at $1,310,000. Institutional investors own 86.15% of the company’s stock.

About AECOM (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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