TSE:NOA FY2024 EPS Estimate Cut by National Bank Financial

North American Construction Group Ltd. (TSE:NOAFree Report) (NYSE:NOA) – Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for North American Construction Group in a research note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $3.59 per share for the year, down from their prior estimate of $3.79. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share. National Bank Financial also issued estimates for North American Construction Group’s Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.90 EPS.

North American Construction Group (TSE:NOAGet Free Report) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.02. The business had revenue of C$286.86 million for the quarter, compared to the consensus estimate of C$294.95 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. During the same period last year, the business earned $0.50 EPS.

A number of other research firms have also issued reports on NOA. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a research note on Tuesday, January 21st. Canaccord Genuity Group increased their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, ATB Capital reduced their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$37.63.

Read Our Latest Stock Report on NOA

North American Construction Group Trading Down 0.4 %

TSE:NOA opened at C$29.11 on Monday. The company’s 50 day moving average is C$29.47 and its 200-day moving average is C$27.12. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The firm has a market cap of C$778.11 million, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.79 and a beta of 1.59.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron bought 2,900 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. North American Construction Group’s payout ratio is currently 21.86%.

About North American Construction Group

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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

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