AECOM (NYSE:ACM) Issues Earnings Results

AECOM (NYSE:ACM) posted its quarterly earnings data on Monday. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.04, Briefing.com reports. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. AECOM updated its FY24 guidance to $4.45-4.55 EPS and its FY 2024 guidance to 4.450-4.550 EPS.

AECOM Stock Performance

ACM traded down $1.60 on Monday, hitting $86.60. 1,037,275 shares of the company traded hands, compared to its average volume of 773,078. The company has a 50 day moving average of $87.64 and a 200-day moving average of $90.41. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $11.79 billion, a PE ratio of -962.67, a PEG ratio of 1.47 and a beta of 1.17. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, July 3rd. AECOM’s dividend payout ratio is presently -977.78%.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the transaction, the director now directly owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp cut their price objective on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Robert W. Baird cut their price objective on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Truist Financial lowered their target price on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Finally, Citigroup lowered their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $101.88.

AECOM Company Profile

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.