Aecon Group Inc. (TSE:ARE – Free Report) – Research analysts at Desjardins lifted their Q3 2024 EPS estimates for Aecon Group in a research note issued on Thursday, October 3rd. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.79. Desjardins has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. Desjardins also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS and FY2026 earnings at $2.46 EPS.
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C($1.99) earnings per share (EPS) for the quarter, topping the consensus estimate of C($2.53) by C$0.54. The company had revenue of C$853.80 million during the quarter, compared to the consensus estimate of C$1.01 billion. Aecon Group had a net margin of 0.32% and a return on equity of 1.40%.
Check Out Our Latest Report on ARE
Aecon Group Stock Up 1.8 %
Shares of TSE:ARE opened at C$21.89 on Friday. The company has a market capitalization of C$1.37 billion, a PE ratio of -81.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.12. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$22.06. The company has a fifty day moving average of C$18.24 and a 200-day moving average of C$17.06. The company has a debt-to-equity ratio of 32.86, a quick ratio of 1.27 and a current ratio of 1.35.
Aecon Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.47%. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.
Insider Transactions at Aecon Group
In related news, Senior Officer Timothy John Murphy acquired 4,244 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of C$17.66 per share, with a total value of C$74,969.84. In other Aecon Group news, Director Scott Stewart purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of C$16.54 per share, with a total value of C$165,380.00. Also, Senior Officer Timothy John Murphy purchased 4,244 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. Insiders have purchased 16,549 shares of company stock valued at $274,762 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.
Aecon Group Company Profile
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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
Recommended Stories
- Five stocks we like better than Aecon Group
- The Basics of Support and Resistance
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- What is a SEC Filing?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Market Cap Calculator: How to Calculate Market Cap
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.