AECOM (NYSE:ACM) to Issue $0.26 Quarterly Dividend

AECOM (NYSE:ACM) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Wednesday, April 2nd will be given a dividend of 0.26 per share by the construction company on Thursday, April 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%.

AECOM has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Stock Up 0.6 %

Shares of NYSE ACM opened at $96.59 on Friday. The stock has a market cap of $12.81 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The business has a 50-day moving average price of $104.39 and a 200 day moving average price of $105.37.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities research analysts forecast that AECOM will post 5.1 earnings per share for the current year.

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

Analyst Ratings Changes

ACM has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Citigroup decreased their price objective on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. KeyCorp decreased their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays increased their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus target price of $120.38.

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.