North American Construction Group (TSE:NOA) Announces Quarterly Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) posted its quarterly earnings data on Wednesday. The company reported C$0.25 earnings per share (EPS) for the quarter, FiscalAI reports. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The firm had revenue of C$413.28 million during the quarter.

North American Construction Group Trading Down 3.8%

Shares of North American Construction Group stock opened at C$16.00 on Thursday. The company has a market capitalization of C$430.62 million, a price-to-earnings ratio of 14.29, a PEG ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 246.95. North American Construction Group has a 12-month low of C$15.40 and a 12-month high of C$23.49. The firm’s 50-day moving average price is C$17.41 and its two-hundred day moving average price is C$19.31.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 28th. North American Construction Group’s dividend payout ratio is presently 42.86%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. National Bank Financial dropped their price target on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 price objective on the stock in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$22.64.

Insider Buying and Selling

In other news, insider North American Construction Group Ltd. bought 110,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the transaction, the insider owned 110,000 shares of the company’s stock, valued at C$2,091,100. This represents a ∞ increase in their ownership of the stock. 8.93% of the stock is currently owned by corporate insiders.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.