AECOM (NYSE:ACM) Updates FY 2024 Earnings Guidance

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

AECOM Trading Down 1.8 %

ACM stock traded down $1.60 during midday trading on Monday, hitting $86.60. 1,037,275 shares of the company’s stock were exchanged, compared to its average volume of 773,078. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $11.79 billion, a PE ratio of -962.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The stock’s fifty day moving average price is $87.64 and its 200-day moving average price is $90.41. AECOM has a one year low of $74.40 and a one year high of $98.72.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 EPS. AECOM’s quarterly revenue was up 13.3% on a year-over-year basis. Research analysts predict that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio is currently -977.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ACM shares. KeyCorp decreased 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. UBS Group raised their price objective on shares of AECOM from $105.00 to $106.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Robert W. Baird decreased their target price on shares of AECOM from $110.00 to $96.00 and set an outperform rating for the company in a research report on Monday, July 8th. Truist Financial decreased their price objective on AECOM from $113.00 to $107.00 and set a buy rating for the company in a report on Tuesday, July 2nd. Finally, Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has an average rating of Buy and a consensus target price of $101.88.

Insider Buying and Selling at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of AECOM 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 sale, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.