AECOM (NYSE:ACM) Releases FY24 Earnings Guidance

AECOM (NYSE:ACM) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $4.45-4.55 for the period, compared to the consensus EPS estimate of $4.44. AECOM also updated its FY 2024 guidance to 4.450-4.550 EPS.

AECOM Trading Down 1.8 %

Shares of AECOM stock traded down $1.56 on Monday, reaching $86.64. The company had a trading volume of 1,036,394 shares, compared to its average volume of 773,072. The firm’s 50 day moving average price is $87.64 and its two-hundred day moving average price is $90.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The firm has a market cap of $11.79 billion, a PE ratio of -965.89, a PEG ratio of 1.47 and a beta of 1.17.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. Sell-side analysts predict that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 1.02%. AECOM’s dividend payout ratio (DPR) is -977.78%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. KeyCorp cut their target price on AECOM from $105.00 to $94.00 and set an overweight rating for the company in a research note on Wednesday, July 17th. Robert W. Baird lowered their price target on shares of AECOM from $110.00 to $96.00 and set an outperform rating on the stock in a research report on Monday, July 8th. Citigroup cut their price objective on AECOM from $116.00 to $104.00 and set a buy rating for the company in a research report on Monday, July 22nd. Truist Financial decreased their price target on shares of AECOM from $113.00 to $107.00 and set a buy rating on the stock in a research note on Tuesday, July 2nd. Finally, UBS Group boosted their price target on AECOM from $105.00 to $106.00 and gave the company a buy rating in a report on Thursday, May 23rd. Nine equities 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 Transactions at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the completion of the sale, the director now owns 34,667 shares in the company, valued at approximately $3,241,711.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

About AECOM

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.