AECOM (NYSE:ACM) Posts Earnings Results, Beats Estimates By $0.03 EPS

AECOM (NYSE:ACM) posted its earnings results on Monday. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03, Briefing.com reports. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. AECOM updated its FY25 guidance to $5.00-5.20 EPS and its FY 2025 guidance to 5.000-5.200 EPS.

AECOM Trading Up 0.3 %

NYSE:ACM traded up $0.34 during trading hours on Tuesday, hitting $109.47. The company had a trading volume of 297,172 shares, compared to its average volume of 795,742. The company has a market cap of $14.68 billion, a P/E ratio of 58.70, a P/E/G ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 1 year low of $82.23 and a 1 year high of $115.74. The company has a 50-day moving average of $104.62 and a 200 day moving average of $95.65.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.95%. AECOM’s payout ratio is 47.31%.

AECOM announced that its Board of Directors has initiated a stock buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACM. Robert W. Baird increased their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Citigroup raised their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial lifted their target price on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Barclays lifted their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $116.43.

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.