FY2025 EPS Estimates for Aecon Group Decreased by Analyst

Aecon Group Inc. (TSE:ARE) – Stock analysts at Stifel Canada lowered their FY2025 earnings estimates for shares of Aecon Group in a report issued on Tuesday, July 15th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings of $0.37 per share for the year, down from their previous forecast of $0.48. Stifel Canada 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.

ARE has been the subject of several other research reports. TD Securities lowered their price objective on shares of Aecon Group from C$23.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. National Bank Financial downgraded shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets cut their price objective on shares of Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. Stifel Nicolaus cut their price objective on shares of Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. Finally, Raymond James Financial cut their price objective on shares of Aecon Group from C$23.00 to C$21.00 in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$22.90.

Aecon Group Stock Performance

TSE:ARE opened at C$20.22 on Thursday. The company has a fifty day moving average of C$19.59 and a 200-day moving average of C$20.36. The firm has a market capitalization of C$1.28 billion, a P/E ratio of -19.89, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70.

Insiders Place Their Bets

In related news, Director Leslie Compton Kass purchased 6,325 shares of Aecon Group stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average cost of C$19.44 per share, for a total transaction of C$122,953.83. Also, Director Deborah Susan Stein acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of C$18.90 per share, for a total transaction of C$94,500.00. Over the last 90 days, insiders bought 21,825 shares of company stock worth $419,159. 0.82% of the stock is owned by corporate insiders.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, July 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.76%. Aecon Group’s dividend payout ratio is presently -74.76%.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.