AECOM (NYSE:ACM) Releases FY 2024 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 4.350-4.550 for the period, compared to the consensus earnings per share estimate of 4.480. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.35-4.55 EPS.

AECOM Stock Up 0.6 %

Shares of ACM traded up $0.54 during mid-day trading on Thursday, hitting $92.81. The company’s stock had a trading volume of 195,364 shares, compared to its average volume of 733,047. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 205.05, a PEG ratio of 1.41 and a beta of 1.23. The company’s 50-day moving average is $93.96 and its 200-day moving average is $89.79. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is currently 195.56%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACM shares. KeyCorp boosted their target price on AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Barclays increased their price objective on shares of AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a research note on Monday, February 5th. Citigroup lifted their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reissued an outperform rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $107.43.

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.