Aecon Group (TSE:ARE) Issues Quarterly Earnings Results

Aecon Group (TSE:ARE) announced its earnings results on Thursday. The company reported C$0.52 earnings per share (EPS) for the quarter, FiscalAI reports. Aecon Group had a net margin of 0.16% and a return on equity of 0.92%. The business had revenue of C$1.54 billion for the quarter.

Aecon Group Price Performance

TSE:ARE opened at C$40.41 on Friday. Aecon Group has a one year low of C$15.21 and a one year high of C$41.90. The stock has a market cap of C$2.56 billion, a PE ratio of 288.64, a P/E/G ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15. The stock has a 50 day moving average price of C$35.12 and a 200 day moving average price of C$29.12.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on Aecon Group from C$30.00 to C$34.25 and gave the stock a “hold” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$33.43.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.