North American Construction Group (NOA) Scheduled to Post Earnings on Wednesday

North American Construction Group (NYSE:NOAGet Rating) (TSE:NOA) will be issuing its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

North American Construction Group (NYSE:NOAGet Rating) (TSE:NOA) last released its quarterly earnings results on Wednesday, April 27th. The oil and gas company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $139.51 million during the quarter, compared to the consensus estimate of $148.55 million. North American Construction Group had a return on equity of 20.02% and a net margin of 6.84%. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect North American Construction Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

North American Construction Group Trading Up 3.6 %

NOA opened at $11.47 on Wednesday. The firm has a market cap of $341.92 million, a price-to-earnings ratio of 10.04 and a beta of 1.48. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 1.22. North American Construction Group has a 12 month low of $10.36 and a 12 month high of $17.79. The stock has a fifty day moving average price of $11.93 and a 200-day moving average price of $13.70.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, May 27th were given a $0.0623 dividend. This represents a $0.25 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, May 26th. North American Construction Group’s payout ratio is 21.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on NOA shares. StockNews.com lowered North American Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 3rd. TheStreet lowered North American Construction Group from a “b-” rating to a “c+” rating in a research report on Wednesday, July 6th. Finally, National Bank Financial reduced their target price on North American Construction Group to C$22.00 in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, North American Construction Group presently has a consensus rating of “Moderate Buy” and an average price target of $25.21.

Institutional Trading of North American Construction Group

Several large investors have recently added to or reduced their stakes in NOA. Renaissance Technologies LLC grew its stake in North American Construction Group by 59.5% during the 1st quarter. Renaissance Technologies LLC now owns 771,400 shares of the oil and gas company’s stock valued at $11,156,000 after purchasing an additional 287,900 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in North American Construction Group by 956.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,408 shares of the oil and gas company’s stock valued at $2,764,000 after purchasing an additional 173,295 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in North American Construction Group by 72.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 191,867 shares of the oil and gas company’s stock valued at $2,777,000 after purchasing an additional 80,446 shares during the last quarter. Mackenzie Financial Corp grew its stake in North American Construction Group by 8.5% during the 1st quarter. Mackenzie Financial Corp now owns 1,019,744 shares of the oil and gas company’s stock valued at $14,787,000 after purchasing an additional 79,671 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in North American Construction Group during the 1st quarter valued at about $1,003,000. Hedge funds and other institutional investors own 48.17% of the company’s stock.

About North American Construction Group

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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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Earnings History for North American Construction Group (NYSE:NOA)

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