Aecon Group Inc. (ARE) To Go Ex-Dividend on June 23rd

Aecon Group Inc. (TSE:AREGet Rating) declared a quarterly dividend on Thursday, June 23rd, TickerTech reports. Investors of record on Tuesday, July 5th will be given a dividend of 0.185 per share on Tuesday, July 5th. This represents a $0.74 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Thursday, June 23rd.

ARE stock traded down C$0.40 during trading on Wednesday, hitting C$13.38. The company had a trading volume of 219,448 shares, compared to its average volume of 306,477. The firm has a market cap of C$814.44 million and a PE ratio of 16.22. Aecon Group has a 1-year low of C$13.22 and a 1-year high of C$22.28. The firm has a 50-day moving average price of C$14.84 and a 200-day moving average price of C$16.11. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 95.83.

Aecon Group (TSE:AREGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported C($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.27) by C($0.02). The company had revenue of C$985.90 million during the quarter, compared to analysts’ expectations of C$783.15 million. Sell-side analysts anticipate that Aecon Group will post 1.2 earnings per share for the current year.

Several brokerages have recently commented on ARE. Royal Bank of Canada reduced their price target on shares of Aecon Group from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 2nd. Laurentian Bank of Canada decreased their target price on shares of Aecon Group to C$17.00 and set a “buy” rating for the company in a research note on Thursday, March 3rd. CIBC cut their price target on shares of Aecon Group from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday, March 3rd. Laurentian dropped their target price on shares of Aecon Group from C$18.00 to C$17.00 in a report on Thursday, March 3rd. Finally, National Bankshares downgraded shares of Aecon Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$21.00 to C$18.00 in a report on Wednesday, March 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.51.

About Aecon Group (Get Rating)

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Further Reading

Dividend History for Aecon Group (TSE:ARE)

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