AECOM (NYSE:ACM – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $3.35-$3.50 for the period, compared to the consensus earnings per share estimate of $3.43. The company issued revenue guidance of -.
AECOM Price Performance
Shares of NYSE:ACM opened at $76.57 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.84. AECOM has a 12-month low of $60.74 and a 12-month high of $79.97. The company’s fifty day moving average is $67.42 and its two-hundred day moving average is $70.84. The company has a market cap of $10.82 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40.
AECOM (NYSE:ACM – Get Rating) last posted its earnings results on Monday, August 8th. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.49 billion. AECOM had a net margin of 2.30% and a return on equity of 18.25%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. Equities analysts expect that AECOM will post 3.45 earnings per share for the current fiscal year.
AECOM Announces Dividend
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The company also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Wednesday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, July 5th. AECOM’s dividend payout ratio (DPR) is 28.57%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ACM shares. Credit Suisse Group set a $76.00 target price on shares of AECOM in a research report on Tuesday, July 19th. Royal Bank of Canada started coverage on shares of AECOM in a research note on Wednesday, April 27th. They issued an outperform rating and a $91.00 price objective on the stock. Citigroup cut their price target on shares of AECOM from $92.00 to $85.00 in a research report on Friday, July 22nd. Robert W. Baird boosted their price target on shares of AECOM from $80.00 to $82.00 in a report on Wednesday, August 10th. Finally, StockNews.com upgraded AECOM from a hold rating to a buy rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $86.88.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in AECOM by 39.2% in the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after acquiring an additional 972,449 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of AECOM by 110.6% in the first quarter. Federated Hermes Inc. now owns 459,259 shares of the construction company’s stock worth $35,276,000 after acquiring an additional 241,164 shares during the period. State Street Corp lifted its holdings in AECOM by 4.0% in the first quarter. State Street Corp now owns 4,010,268 shares of the construction company’s stock valued at $308,029,000 after buying an additional 156,072 shares during the period. Eaton Vance Management lifted its stake in AECOM by 207.3% in the first quarter. Eaton Vance Management now owns 134,739 shares of the construction company’s stock valued at $10,349,000 after buying an additional 90,886 shares during the period. Finally, Wellington Management Group LLP increased its position in AECOM by 15.4% in the 1st quarter. Wellington Management Group LLP now owns 456,433 shares of the construction company’s stock valued at $35,059,000 after buying an additional 60,757 shares in the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.
About AECOM
AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.
See Also
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