Aecom (ACM) Expected to Announce Earnings of $0.82 Per Share

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Wall Street analysts forecast that Aecom (NYSE:ACM) will report earnings of $0.82 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Aecom’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.77. Aecom posted earnings per share of $0.74 during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The business is expected to issue its next quarterly earnings report on Monday, November 12th.

According to Zacks, analysts expect that Aecom will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.62 to $2.72. For the next financial year, analysts anticipate that the business will post earnings of $3.00 per share, with EPS estimates ranging from $2.88 to $3.10. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Aecom.

Aecom (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 7th. The construction company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.88 billion. Aecom had a net margin of 0.72% and a return on equity of 9.86%. During the same period in the prior year, the business posted $0.78 earnings per share.

ACM has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Citigroup reduced their price objective on shares of Aecom from $49.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 23rd. Credit Suisse Group reduced their price objective on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Argus cut shares of Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, ValuEngine cut shares of Aecom from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Aecom currently has a consensus rating of “Hold” and a consensus price target of $35.67.

In other news, insider Lara Poloni sold 1,607 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the completion of the sale, the insider now owns 2,288 shares of the company’s stock, valued at $74,337.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.74% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ACM. Bank of America Corp DE grew its holdings in shares of Aecom by 106.4% during the second quarter. Bank of America Corp DE now owns 2,403,765 shares of the construction company’s stock worth $79,395,000 after buying an additional 1,239,397 shares in the last quarter. Luminus Management LLC grew its holdings in shares of Aecom by 19.1% during the second quarter. Luminus Management LLC now owns 2,434,759 shares of the construction company’s stock worth $80,420,000 after buying an additional 389,900 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Aecom by 2.9% during the second quarter. BlackRock Inc. now owns 13,294,925 shares of the construction company’s stock worth $439,132,000 after buying an additional 375,863 shares in the last quarter. Formula Growth Ltd. grew its holdings in shares of Aecom by 150.0% during the second quarter. Formula Growth Ltd. now owns 300,049 shares of the construction company’s stock worth $9,911,000 after buying an additional 180,049 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Aecom by 53.7% during the first quarter. Nuveen Asset Management LLC now owns 369,263 shares of the construction company’s stock worth $13,157,000 after buying an additional 128,999 shares in the last quarter. 84.41% of the stock is owned by institutional investors and hedge funds.

NYSE:ACM traded down $0.04 during trading hours on Monday, reaching $30.75. 1,235,100 shares of the company were exchanged, compared to its average volume of 832,034. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $5.25 billion, a PE ratio of 10.46, a P/E/G ratio of 2.19 and a beta of 1.57. Aecom has a twelve month low of $30.37 and a twelve month high of $39.90.

Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

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Earnings History and Estimates for Aecom (NYSE:ACM)

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