Aecon Group (ARE) Scheduled to Post Earnings on Wednesday

Aecon Group (TSE:ARE) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C($0.16) per share for the quarter.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing the consensus estimate of C$0.17 by C($0.02). Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.22 billion.

Aecon Group Trading Down 1.2 %

Shares of Aecon Group stock opened at C$16.84 on Tuesday. The company has a 50 day simple moving average of C$15.91 and a two-hundred day simple moving average of C$13.45. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. The firm has a market cap of C$1.05 billion, a PE ratio of 8.02, a PEG ratio of 18.18 and a beta of 1.16. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40.

Aecon Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 annualized dividend and a yield of 4.51%. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s payout ratio is 36.19%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ARE shares. Stifel Nicolaus raised their target price on shares of Aecon Group from C$16.50 to C$17.00 and gave the stock a “hold” rating in a report on Friday. Raymond James increased their price target on shares of Aecon Group from C$14.00 to C$16.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. National Bankshares raised their target price on Aecon Group from C$10.50 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. TD Securities raised their price objective on Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Canaccord Genuity Group upped their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$18.23.

Insider Activity

In other Aecon Group news, Director Stuart Lee bought 7,000 shares of Aecon Group stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of C$16.33 per share, with a total value of C$114,310.00. In other news, Senior Officer Martina Doyle sold 2,265 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Director Stuart Lee bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of C$16.33 per share, with a total value of C$114,310.00. Insiders own 1.72% of the company’s stock.

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.