Aecom to Post Q2 2019 Earnings of $0.61 Per Share, DA Davidson Forecasts (ACM)

Aecom (NYSE:ACM) – Equities research analysts at DA Davidson lowered their Q2 2019 earnings per share (EPS) estimates for Aecom in a research note issued to investors on Tuesday, November 13th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.77. DA Davidson also issued estimates for Aecom’s Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.83 EPS and FY2020 earnings at $3.16 EPS.

Aecom (NYSE:ACM) last released its earnings results on Monday, November 12th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Aecom had a return on equity of 10.16% and a net margin of 0.68%. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Citigroup decreased their target price on Aecom from $49.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 23rd. ValuEngine cut Aecom from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Argus cut Aecom from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, UBS Group set a $40.00 target price on Aecom and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.44.

Aecom stock opened at $31.44 on Wednesday. Aecom has a 12-month low of $29.13 and a 12-month high of $39.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.58.

In other news, insider Lara Poloni sold 1,607 shares of Aecom stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $32.49, for a total transaction of $52,211.43. Following the sale, the insider now directly owns 2,288 shares of the company’s stock, valued at $74,337.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.74% of the company’s stock.

Several hedge funds have recently made changes to their positions in ACM. Renaissance Technologies LLC acquired a new position in shares of Aecom in the third quarter worth approximately $7,612,000. Riverhead Capital Management LLC lifted its stake in shares of Aecom by 22.0% in the third quarter. Riverhead Capital Management LLC now owns 14,983 shares of the construction company’s stock worth $489,000 after acquiring an additional 2,700 shares during the period. S&T Bank PA lifted its stake in shares of Aecom by 7.0% in the third quarter. S&T Bank PA now owns 362,539 shares of the construction company’s stock worth $11,841,000 after acquiring an additional 23,647 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Aecom by 1,069.5% in the third quarter. Tower Research Capital LLC TRC now owns 20,537 shares of the construction company’s stock worth $670,000 after acquiring an additional 18,781 shares during the period. Finally, Primecap Management Co. CA lifted its stake in shares of Aecom by 27.0% in the third quarter. Primecap Management Co. CA now owns 19,076,501 shares of the construction company’s stock worth $623,039,000 after acquiring an additional 4,052,120 shares during the period. 83.94% of the stock is currently owned by hedge funds and other institutional investors.

Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

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Earnings History and Estimates for Aecom (NYSE:ACM)

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