Aecon Group Inc. (TSE:ARE) Plans Quarterly Dividend of $0.19

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Investors of record on Friday, September 20th will be given a dividend of 0.19 per share on Wednesday, October 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, September 20th.

Aecon Group Trading Up 4.3 %

Shares of TSE:ARE opened at C$14.80 on Friday. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. The stock has a market capitalization of C$921.60 million, a price-to-earnings ratio of 6.88, a PEG ratio of 18.18 and a beta of 1.19. Aecon Group has a 1-year low of C$8.42 and a 1-year high of C$17.40. The company has a 50 day moving average price of C$15.91 and a 200 day moving average price of C$15.70.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The company had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. On average, research analysts anticipate that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. CIBC reduced their target price on Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. TD Securities reduced their price objective on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a research note on Tuesday, July 2nd. BMO Capital Markets decreased their target price on shares of Aecon Group from C$17.50 to C$16.50 in a report on Wednesday. ATB Capital boosted their price target on shares of Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Raymond James upped their price target on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$18.15.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.