North American Construction Group (NOA) to Release Quarterly Earnings on Wednesday

North American Construction Group (TSE:NOA) (NYSE:NOA) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The business had revenue of C$326.30 million during the quarter, compared to analysts’ expectations of C$315.13 million. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%.

North American Construction Group Stock Performance

NOA traded down C$0.27 during midday trading on Tuesday, reaching C$30.01. The company’s stock had a trading volume of 4,450 shares, compared to its average volume of 70,982. North American Construction Group has a twelve month low of C$24.18 and a twelve month high of C$34.87. The stock has a market cap of C$802.17 million, a P/E ratio of 14.49, a PEG ratio of 0.79 and a beta of 1.70. The company has a fifty day simple moving average of C$31.39 and a 200 day simple moving average of C$29.71. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 201.05.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.40 annualized dividend and a yield of 1.33%. North American Construction Group’s dividend payout ratio (DPR) is currently 19.14%.

Analyst Ratings Changes

Several analysts have weighed in on NOA shares. CIBC upped their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a research note on Friday, March 15th. National Bankshares boosted their target price on North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. ATB Capital decreased their price target on North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. BMO Capital Markets cut their target price on shares of North American Construction Group from C$42.00 to C$39.00 in a research report on Tuesday, April 23rd. Finally, TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 target price for the company in a research report on Thursday, April 18th.

Insider Activity

In other North American Construction Group news, Director Martin Robert Ferron sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$31.85, for a total transaction of C$127,400.00. 8.44% of the stock is owned by insiders.

North American Construction Group Company Profile

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.