AECOM (NYSE:ACM) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

AECOM (NYSE:ACM) released its quarterly earnings results on Monday. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01), Briefing.com reports. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. AECOM updated its FY24 guidance to $4.35-4.55 EPS and its FY 2024 guidance to 4.350-4.550 EPS.

AECOM Trading Down 0.9 %

Shares of NYSE ACM opened at $92.27 on Thursday. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $93.96 and a two-hundred day moving average of $89.79. The company has a market cap of $12.55 billion, a PE ratio of 205.05, a P/E/G ratio of 1.41 and a beta of 1.23.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s payout ratio is presently 195.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup boosted their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and issued a $113.00 price objective (up from $106.00) on shares of AECOM in a research note on Wednesday. KeyCorp increased their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM has an average rating of “Buy” and a consensus price target of $107.43.

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.