AECOM (NYSE:ACM – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.350-4.550 for the period, compared to the consensus estimate of 4.480. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.35-4.55 EPS.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ACM. Barclays lifted their price objective on AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. Citigroup lifted their price target on shares of AECOM from $107.00 to $116.00 and gave the company a buy rating in a research note on Monday, April 22nd. Robert W. Baird raised their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday. KeyCorp upped their target price on shares of AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Finally, TheStreet upgraded AECOM from a c+ rating to a b rating in a report on Monday, February 5th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $106.43.
Check Out Our Latest Research Report on ACM
AECOM Stock Down 2.8 %
AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that AECOM will post 4.43 earnings per share for the current fiscal year.
AECOM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM’s payout ratio is 195.56%.
About AECOM
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.
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