AECOM (NYSE:ACM) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

AECOM (NYSE:ACM) announced its quarterly earnings data on Monday. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03, Briefing.com reports. The firm had revenue of $1.81 billion during 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 business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. AECOM updated its FY25 guidance to $5.00-5.20 EPS and its FY 2025 guidance to 5.000-5.200 EPS.

AECOM Trading Down 0.3 %

NYSE ACM opened at $108.80 on Wednesday. The firm’s fifty day moving average price is $104.92 and its 200 day moving average price is $95.75. AECOM has a 12 month low of $82.23 and a 12 month high of $115.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The company 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 29.73%.

Analyst Upgrades and Downgrades

ACM has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial boosted their price target on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Citigroup increased their price objective on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus price target of $116.43.

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

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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.