Aecon Group Inc. (TSE:ARE – Free Report) – Research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Aecon Group in a research note issued to investors on Monday, October 21st. National Bank Financial analyst M. Sytchev now expects that the company will earn ($0.98) per share for the year, up from their prior forecast of ($1.23). National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. National Bank Financial also issued estimates for Aecon Group’s FY2025 earnings at $1.37 EPS.
Other equities analysts also recently issued reports about the stock. CIBC upped their target price on shares of Aecon Group from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Canada raised Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. National Bankshares raised Aecon Group from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$20.50 in a research report on Monday, July 29th. Canaccord Genuity Group increased their price target on Aecon Group from C$25.00 to C$28.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets cut their price target on Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aecon Group currently has an average rating of “Moderate Buy” and an average target price of C$21.44.
Aecon Group Price Performance
Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$23.20. The company has a market capitalization of C$1.41 billion, a PE ratio of -82.52, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company’s fifty day moving average price is C$19.90 and its two-hundred day moving average price is C$17.59.
Aecon Group (TSE:ARE – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported C($1.99) EPS for the quarter, topping the consensus estimate of C($2.53) by C$0.54. The company had revenue of C$853.80 million during the quarter, compared to analyst estimates of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%.
Insider Activity at Aecon Group
In other Aecon Group news, Director Scott Stewart bought 10,000 shares of the stock in a transaction dated Monday, July 29th. The shares were acquired at an average cost of C$16.54 per share, for a total transaction of C$165,380.00. In related news, Director Scott Stewart bought 10,000 shares of the stock in a transaction on Monday, July 29th. The shares were bought at an average cost of C$16.54 per share, for a total transaction of C$165,380.00. Also, Senior Officer Timothy John Murphy acquired 4,244 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Insiders purchased a total of 16,549 shares of company stock valued at $274,762 over the last ninety days. Insiders own 0.82% of the company’s stock.
Aecon Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of ∞. Aecon Group’s dividend payout ratio is currently -281.48%.
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.
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