$0.33 EPS Expected for Aegion Corp (AEGN) This Quarter

Analysts expect Aegion Corp (NASDAQ:AEGN) to post earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aegion’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.43. Aegion reported earnings per share of $0.20 during the same quarter last year, which would suggest a positive year-over-year growth rate of 65%. The firm is scheduled to report its next earnings report on Wednesday, February 27th.

On average, analysts expect that Aegion will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.16 to $1.36. For the next financial year, analysts expect that the firm will post earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Aegion.

Aegion (NASDAQ:AEGN) last issued its earnings results on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). Aegion had a positive return on equity of 7.42% and a negative net margin of 0.55%. The firm had revenue of $339.68 million for the quarter, compared to analysts’ expectations of $344.25 million.

AEGN has been the subject of a number of analyst reports. ValuEngine cut Aegion from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Canaccord Genuity reiterated a “buy” rating and set a $27.00 target price on shares of Aegion in a research note on Thursday, August 2nd. BidaskClub upgraded Aegion from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Stifel Nicolaus increased their target price on Aegion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research reiterated a “sell” rating on shares of Aegion in a research note on Monday, November 12th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.33.

In other Aegion news, CFO David F. Morris purchased 10,000 shares of the stock in a transaction dated Friday, November 16th. The shares were bought at an average cost of $18.50 per share, with a total value of $185,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.37% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Aegion during the second quarter valued at about $312,000. Engineers Gate Manager LP bought a new position in Aegion during the second quarter valued at about $282,000. Xact Kapitalforvaltning AB boosted its stake in Aegion by 26.5% during the third quarter. Xact Kapitalforvaltning AB now owns 11,930 shares of the construction company’s stock valued at $303,000 after buying an additional 2,500 shares in the last quarter. Seizert Capital Partners LLC bought a new position in Aegion during the third quarter valued at about $572,000. Finally, Royce & Associates LP boosted its stake in Aegion by 5.7% during the second quarter. Royce & Associates LP now owns 729,894 shares of the construction company’s stock valued at $18,795,000 after buying an additional 39,348 shares in the last quarter. 94.07% of the stock is currently owned by institutional investors.

NASDAQ AEGN opened at $18.54 on Friday. The company has a market capitalization of $599.10 million, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.60 and a beta of 2.01. Aegion has a fifty-two week low of $17.78 and a fifty-two week high of $28.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.17 and a quick ratio of 1.89.

Aegion Company Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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Earnings History and Estimates for Aegion (NASDAQ:AEGN)

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