Atb Cap Markets Forecasts Stronger Earnings for Aecon Group

Aecon Group Inc. (TSE:ARE) – Equities researchers at Atb Cap Markets upped their FY2024 EPS estimates for Aecon Group in a research note issued to investors on Sunday, November 3rd. Atb Cap Markets analyst C. Murray now forecasts that the company will earn ($0.74) per share for the year, up from their prior estimate of ($1.17). The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. Atb Cap Markets also issued estimates for Aecon Group’s Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $1.48 EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at $2.92 EPS.

A number of other research firms have also recently issued reports on ARE. Stifel Nicolaus lifted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Raymond James boosted their price target on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday. CIBC raised their target price on Aecon Group from C$25.00 to C$29.00 in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Aecon Group from C$16.50 to C$27.00 in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Stock Performance

Shares of ARE stock opened at C$29.07 on Wednesday. The firm has a market cap of C$1.82 billion, a P/E ratio of -107.67, a PEG ratio of 18.18 and a beta of 1.13. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. Aecon Group has a fifty-two week low of C$10.30 and a fifty-two week high of C$29.50. The stock’s 50-day moving average is C$21.48 and its two-hundred day moving average is C$18.19.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a $0.19 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 2.61%. Aecon Group’s dividend payout ratio is presently -281.48%.

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.