North American Construction Group (NYSE:NOA) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

North American Construction Group (NYSE:NOA) (TSE:NOA) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. North American Construction Group had a net margin of 5.21% and a return on equity of 19.77%. The business had revenue of $220.33 million during the quarter, compared to analysts’ expectations of $217.28 million. During the same period in the prior year, the firm earned $0.71 EPS.

North American Construction Group Stock Down 0.8 %

Shares of NOA traded down $0.16 during mid-day trading on Friday, reaching $20.47. 49,275 shares of the stock traded hands, compared to its average volume of 66,408. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.71. The stock has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $21.89. The firm has a market cap of $547.37 million, a price-to-earnings ratio of 15.63 and a beta of 1.52. North American Construction Group has a 12-month low of $18.02 and a 12-month high of $26.30.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be given a dividend of $0.0726 per share. This represents a $0.29 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 31st. North American Construction Group’s dividend payout ratio (DPR) is presently 21.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOA. StockNews.com upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Monday, March 11th. TD Cowen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

North American Construction Group Company Profile

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.