Aecon Group Inc. (TSE:ARE – Get Rating) – Stock analysts at National Bank Financial boosted their FY2023 earnings estimates for shares of Aecon Group in a report released on Tuesday, January 10th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.59 per share for the year, up from their previous forecast of $0.52. The consensus estimate for Aecon Group’s current full-year earnings is $0.75 per share. National Bank Financial also issued estimates for Aecon Group’s FY2024 earnings at $0.70 EPS.
Aecon Group (TSE:ARE – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.03. The firm had revenue of C$1.32 billion for the quarter, compared to analyst estimates of C$1.23 billion.
Aecon Group Stock Down 0.2 %
Aecon Group stock opened at C$10.54 on Friday. The firm has a market capitalization of C$643.07 million and a PE ratio of 30.11. The company’s 50-day moving average is C$9.52 and its 200-day moving average is C$10.55. Aecon Group has a fifty-two week low of C$8.29 and a fifty-two week high of C$18.15. The company has a debt-to-equity ratio of 105.97, a current ratio of 1.39 and a quick ratio of 1.27.
Aecon Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, January 4th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend was Thursday, December 22nd. Aecon Group’s dividend payout ratio (DPR) is presently 208.57%.
Aecon Group Company Profile
Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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