AECOM (NYSE:ACM) Releases FY 2022 Earnings Guidance

AECOM (NYSE:ACMGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.30-$3.50 for the period, compared to the consensus EPS estimate of $3.43. The company issued revenue guidance of -.AECOM also updated its FY 2024 guidance to $4.75- EPS.

A number of analysts have recently issued reports on ACM shares. Robert W. Baird lowered their price objective on shares of AECOM from $88.00 to $81.00 in a report on Tuesday, May 10th. Royal Bank of Canada started coverage on shares of AECOM in a report on Wednesday, April 27th. They issued an outperform rating and a $91.00 price objective on the stock. Argus lifted their price objective on shares of AECOM from $80.00 to $82.00 in a report on Tuesday, February 15th. Finally, StockNews.com downgraded shares of AECOM from a buy rating to a hold rating in a report on Monday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $85.44.

Shares of AECOM stock traded up $0.53 during trading on Tuesday, reaching $67.91. The company’s stock had a trading volume of 3,572 shares, compared to its average volume of 780,780. The business’s 50-day moving average price is $74.37 and its 200-day moving average price is $73.07. The firm has a market cap of $9.60 billion, a PE ratio of 46.15, a P/E/G ratio of 0.99 and a beta of 1.44. AECOM has a 52 week low of $58.36 and a 52 week high of $79.97. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82.

AECOM (NYSE:ACMGet Rating) last announced its earnings results on Monday, May 9th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. AECOM had a net margin of 1.59% and a return on equity of 17.35%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. AECOM’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts predict that AECOM will post 3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Wednesday, April 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $0.60 annualized dividend and a yield of 0.88%. AECOM’s dividend payout ratio is 41.10%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in AECOM during the first quarter worth about $1,310,000. Eaton Vance Management increased its stake in shares of AECOM by 207.3% in the first quarter. Eaton Vance Management now owns 134,739 shares of the construction company’s stock valued at $10,349,000 after buying an additional 90,886 shares during the period. Captrust Financial Advisors increased its stake in shares of AECOM by 2,535.8% in the first quarter. Captrust Financial Advisors now owns 38,667 shares of the construction company’s stock valued at $2,970,000 after buying an additional 37,200 shares during the period. Wellington Management Group LLP increased its stake in shares of AECOM by 15.4% in the first quarter. Wellington Management Group LLP now owns 456,433 shares of the construction company’s stock valued at $35,059,000 after buying an additional 60,757 shares during the period. Finally, State Street Corp increased its stake in shares of AECOM by 4.0% in the first quarter. State Street Corp now owns 4,010,268 shares of the construction company’s stock valued at $308,029,000 after buying an additional 156,072 shares during the period. 86.15% of the stock is owned by hedge funds and other institutional investors.

About AECOM (Get Rating)

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients.

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