Desjardins Research Analysts Decrease Earnings Estimates for Aecon Group Inc. (TSE:ARE)

Aecon Group Inc. (TSE:ARE) – Investment analysts at Desjardins lowered their FY2025 earnings estimates for shares of Aecon Group in a research note issued on Tuesday, July 2nd. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.07 per share for the year, down from their prior estimate of $1.09. Desjardins currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $0.91 per share.

Other analysts also recently issued reports about the stock. National Bankshares lifted their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. TD Securities lowered their price target on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a research note on Tuesday. Canaccord Genuity Group lowered their price target on shares of Aecon Group from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets downgraded shares of Aecon Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$18.50 to C$17.50 in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price target on shares of Aecon Group from C$16.25 to C$16.50 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$18.32.

Aecon Group Stock Performance

TSE ARE opened at C$14.50 on Thursday. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$17.40. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. The company has a market capitalization of C$902.92 million, a P/E ratio of 6.74, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a fifty day moving average of C$16.64 and a 200-day moving average of C$15.49.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. The company had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date was Friday, June 21st. Aecon Group’s payout ratio is 35.35%.

About Aecon Group

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.