AECOM (NYSE:ACM) Stock Price Down 4.1% After Earnings Miss

AECOM (NYSE:ACM) traded down 4.1% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $91.50 and last traded at $92.35. 119,975 shares were traded during mid-day trading, a decline of 83% from the average session volume of 717,356 shares. The stock had previously closed at $96.29.

The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.92 EPS. AECOM’s quarterly revenue was up 13.0% compared to the same quarter last year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.94%. AECOM’s dividend payout ratio is presently 195.56%.

Analysts Set New Price Targets

Several equities research analysts have commented on ACM shares. TheStreet upgraded AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. KeyCorp lifted their price target on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 target price on shares of AECOM in a research note on Wednesday, February 7th. Citigroup upped their price target on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial initiated coverage on AECOM in a research report on Thursday, March 14th. They issued a “buy” rating and a $106.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and an average price target of $106.43.

Institutional Trading of AECOM

Several hedge funds have recently made changes to their positions in ACM. Findlay Park Partners LLP boosted its holdings in shares of AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares in the last quarter. Norges Bank bought a new stake in shares of AECOM in the 4th quarter worth $159,060,000. Impax Asset Management Group plc boosted its stake in AECOM by 6.9% during the third quarter. Impax Asset Management Group plc now owns 1,628,534 shares of the construction company’s stock valued at $135,233,000 after buying an additional 105,454 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in AECOM by 1.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 951,097 shares of the construction company’s stock worth $78,979,000 after buying an additional 16,182 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of AECOM by 9.9% in the 4th quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after acquiring an additional 79,760 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Price Performance

The stock has a 50 day moving average of $93.90 and a two-hundred day moving average of $89.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $12.67 billion, a PE ratio of 207.07, a PEG ratio of 1.41 and a beta of 1.23.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in 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 public and private clients.