Raymond James Financial Comments on TSE:NOA Q2 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – Research analysts at Raymond James Financial lowered their Q2 2025 earnings per share estimates for shares of North American Construction Group in a research note issued to investors on Thursday, July 17th. Raymond James Financial analyst F. Bastien now anticipates that the company will post earnings per share of $0.57 for the quarter, down from their previous estimate of $0.70. Raymond James Financial has a “Outperform” rating and a $40.00 price target on the stock. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share. Raymond James Financial also issued estimates for North American Construction Group’s Q3 2025 earnings at $1.43 EPS, Q4 2025 earnings at $0.99 EPS and FY2025 earnings at $3.42 EPS.

Several other research analysts have also recently commented on NOA. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. TD Securities dropped their price objective on North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. ATB Capital reduced their target price on North American Construction Group from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a report on Friday, June 27th. CIBC decreased their price target on North American Construction Group from C$37.00 to C$36.00 in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group cut shares of North American Construction Group from a “strong-buy” rating to a “hold” rating and cut their price objective for the stock from C$33.00 to C$24.50 in a research report on Friday, July 11th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$34.17.

North American Construction Group Stock Up 0.3%

NOA opened at C$20.96 on Monday. The stock has a fifty day moving average of C$23.18 and a 200-day moving average of C$24.20. The company has a market capitalization of C$561.04 million, a P/E ratio of 9.85, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$18.83 and a fifty-two week high of C$31.67. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 2.29%. North American Construction Group’s payout ratio is presently 18.81%.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.