Equities Analysts Offer Predictions for Aecon Group Inc.’s Q4 2024 Earnings (TSE:ARE)

Aecon Group Inc. (TSE:ARE) – Equities research analysts at Raymond James raised their Q4 2024 EPS estimates for shares of Aecon Group in a note issued to investors on Friday, April 26th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $0.64 per share for the quarter, up from their previous estimate of $0.52. Raymond James currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $0.76 per share. Raymond James also issued estimates for Aecon Group’s Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

Aecon Group (TSE:ARE) last issued its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The company had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%.

Several other equities research analysts have also issued reports on ARE. Desjardins lifted their price target on shares of Aecon Group from C$16.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, March 7th. ATB Capital lifted their price target on shares of Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a report on Thursday, March 7th. CIBC lifted their price target on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday. Finally, Paradigm Capital lifted their price target on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Aecon Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.17.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$17.05 on Monday. The firm has a 50 day moving average of C$16.15 and a 200-day moving average of C$13.61. The stock has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. Aecon Group has a 12 month low of C$8.42 and a 12 month high of C$17.40.

Aecon Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.46%. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 21st. Aecon Group’s payout ratio is presently 36.19%.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of Aecon Group stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of C$13.07 per share, with a total value of C$55,299.17. In other news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the business’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. Insiders own 1.72% of the company’s stock.

About Aecon Group

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.