$5.17 Billion in Sales Expected for Aecom (NYSE:ACM) This Quarter

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Brokerages expect that Aecom (NYSE:ACM) will post $5.17 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Aecom’s earnings, with estimates ranging from $5.09 billion to $5.25 billion. Aecom reported sales of $5.15 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The company is expected to announce its next earnings report before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that Aecom will report full-year sales of $20.65 billion for the current financial year, with estimates ranging from $20.43 billion to $20.89 billion. For the next year, analysts forecast that the company will post sales of $21.13 billion, with estimates ranging from $21.03 billion to $21.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Aecom.

Aecom (NYSE:ACM) last posted its earnings results on Wednesday, May 8th. The construction company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.89 billion. Aecom had a net margin of 1.34% and a return on equity of 10.08%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS.

A number of research firms have commented on ACM. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research note on Monday, April 29th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Credit Suisse Group lowered shares of to a “neutral” rating and increased their price target for the company from GBX 2,250 ($29.40) to GBX 2,360 ($30.84) in a research note on Tuesday, June 18th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 4,000 ($52.27) price objective on shares of in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Aecom presently has an average rating of “Buy” and an average target price of $36.75.

Several institutional investors have recently made changes to their positions in ACM. Somerset Trust Co boosted its position in Aecom by 163.1% during the first quarter. Somerset Trust Co now owns 834 shares of the construction company’s stock valued at $25,000 after acquiring an additional 517 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in Aecom in the 4th quarter worth $26,000. BNP Paribas Arbitrage SA increased its position in shares of Aecom by 68.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,245 shares of the construction company’s stock valued at $126,000 after acquiring an additional 1,723 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Aecom in the second quarter valued at about $155,000. Finally, Jane Street Group LLC purchased a new position in shares of Aecom in the fourth quarter valued at about $203,000. 86.75% of the stock is currently owned by institutional investors.

Shares of ACM stock traded down $0.44 during trading on Friday, hitting $36.50. The company had a trading volume of 677,940 shares, compared to its average volume of 901,614. Aecom has a one year low of $24.83 and a one year high of $38.20. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 13.62 and a beta of 1.75. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock’s 50-day simple moving average is $35.44.

About Aecom

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

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