Aecon Group (ARE) Set to Announce Earnings on Wednesday

Aecon Group (TSE:ARE) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C($0.16) per share for the quarter.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.22 billion.

Aecon Group Price Performance

ARE stock opened at C$16.57 on Wednesday. The stock has a 50-day moving average price of C$15.72 and a two-hundred day moving average price of C$13.28. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$17.40. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The company has a market cap of C$1.03 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were given a $0.19 dividend. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.59%. Aecon Group’s dividend payout ratio is presently 36.19%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ARE shares. Stifel Nicolaus upped their target price on Aecon Group from C$13.00 to C$16.50 and gave the stock a “hold” rating in a research report on Thursday, March 7th. ATB Capital upped their target price on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. TD Securities upped their target price on Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a research report on Friday, March 8th. Royal Bank of Canada upped their target price on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Finally, CIBC upped their target price on Aecon Group from C$18.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Aecon Group presently has an average rating of “Moderate Buy” and a consensus price target of C$18.09.

Insider Activity at Aecon Group

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. Also, Director Stuart Lee acquired 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is currently owned by company insiders.

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.