AECOM (ACM) to Issue Quarterly Dividend of $0.26 on January 17th

AECOM (NYSE:ACM) declared a quarterly dividend on Monday, November 18th,RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.26 per share by the construction company on Friday, January 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22.

AECOM has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 17.8%.

AECOM Stock Down 0.3 %

Shares of NYSE:ACM opened at $108.80 on Wednesday. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. AECOM has a 1-year low of $82.23 and a 1-year high of $115.74. The company’s fifty day moving average is $104.92 and its two-hundred day moving average is $95.75. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last released its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Equities analysts anticipate that AECOM will post 4.47 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACM shares. KeyCorp raised their price objective on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Royal Bank of Canada lifted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial lifted their price target on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $116.43.

AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.