AECOM (NYSE:ACM) Announces Earnings Results, Beats Expectations By $0.04 EPS

AECOM (NYSE:ACM) announced its earnings results on Monday. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04, Briefing.com reports. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $0.94 EPS. AECOM’s revenue for the quarter was up 13.3% compared to the same quarter last year. AECOM updated its FY24 guidance to $4.45-4.55 EPS and its FY 2024 guidance to 4.450-4.550 EPS.

AECOM Stock Performance

Shares of NYSE ACM opened at $91.01 on Wednesday. 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’s fifty day moving average price is $87.68 and its two-hundred day moving average price is $90.41. AECOM has a one year low of $74.40 and a one year high of $98.72. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of -1,011.22, a P/E/G ratio of 1.47 and a beta of 1.17.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio is -977.78%.

Insider Buying and Selling at AECOM

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

Wall Street Analyst Weigh In

ACM has been the topic of a number of recent research reports. UBS Group lifted their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Truist Financial restated a “buy” rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a research note on Wednesday. Citigroup decreased their price target on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. KeyCorp decreased their price target on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, Robert W. Baird decreased their price target on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and an average price target of $102.00.

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.