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

AECOM (NYSE:ACMGet Rating) announced its quarterly earnings data on Monday. The construction company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01), Yahoo Finance reports. AECOM had a net margin of 2.30% and a return on equity of 18.25%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis.

AECOM Stock Performance

ACM opened at $79.81 on Wednesday. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.53 and a beta of 1.34. The business’s 50-day moving average price is $72.69 and its two-hundred day moving average price is $70.43. AECOM has a 1 year low of $60.74 and a 1 year high of $81.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Wednesday, October 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, October 4th. AECOM’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACM. StockNews.com assumed coverage on AECOM in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Robert W. Baird boosted their target price on AECOM from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of AECOM from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup lifted their price objective on shares of AECOM from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group upped their target price on shares of AECOM from $81.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in AECOM by 31.9% in the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after acquiring an additional 1,378 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of AECOM by 3.5% in the first quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock valued at $2,676,000 after purchasing an additional 1,162 shares during the last quarter. Aviva PLC lifted its position in shares of AECOM by 26.6% in the first quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock worth $1,757,000 after purchasing an additional 4,799 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of AECOM by 3.0% in the first quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock worth $700,000 after purchasing an additional 264 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in AECOM by 1,261.6% during the first quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after purchasing an additional 1,413 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

About AECOM

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AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

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Earnings History for AECOM (NYSE:ACM)

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