AECOM (ACM) Set to Announce Earnings on Monday

AECOM (NYSE:ACM) will release its earnings data after the market closes on Monday, August 5th. Analysts expect AECOM to post earnings of $1.13 per share for the quarter. AECOM has set its FY24 guidance at $4.35-4.55 EPS and its FY 2024 guidance at 4.350-4.550 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts expect AECOM to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AECOM Stock Down 2.5 %

ACM opened at $88.20 on Friday. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $12.01 billion, a P/E ratio of -979.89, a P/E/G ratio of 1.47 and a beta of 1.17. The stock’s 50 day moving average price is $87.64 and its 200 day moving average price is $90.39.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio is currently -977.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACM. UBS Group lifted their price target on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Citigroup reduced their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Robert W. Baird reduced their price objective on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Truist Financial reduced their price objective on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, KeyCorp decreased their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $101.88.

Insider Buying and Selling at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.