AECOM (NYSE:ACM) Posts Quarterly Earnings Results

AECOM (NYSE:ACM) issued its quarterly earnings data on Monday. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm’s revenue 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 Down 1.8 %

Shares of ACM traded down $1.60 during mid-day trading on Monday, reaching $86.60. The company had a trading volume of 1,037,275 shares, compared to its average volume of 773,078. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of -962.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. 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 firm has a 50-day moving average price of $87.64 and a 200 day moving average price of $90.41.

AECOM Announces Dividend

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

Insider Activity at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ACM shares. KeyCorp lowered their price target on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Robert W. Baird dropped 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. UBS Group lifted their price target on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Truist Financial dropped their price target on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Citigroup dropped 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. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $101.88.

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.