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

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

AECOM Stock Performance

ACM stock 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 firm has a 50 day moving average of $72.69 and a two-hundred day moving average of $70.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.84. AECOM has a 12 month low of $60.74 and a 12 month high of $81.07.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Wednesday, October 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, October 4th. AECOM’s payout ratio is presently 28.57%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On AECOM

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in AECOM by 4.0% during 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 in the last quarter. Invesco Ltd. raised its stake in shares of AECOM by 39.2% in the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after acquiring an additional 972,449 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in AECOM by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,284,392 shares of the construction company’s stock worth $83,768,000 after purchasing an additional 142,075 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in AECOM by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,242,902 shares of the construction company’s stock worth $95,468,000 after purchasing an additional 14,372 shares during the period. Finally, Robeco Schweiz AG grew its holdings in AECOM by 2.3% during the first quarter. Robeco Schweiz AG now owns 919,257 shares of the construction company’s stock valued at $70,608,000 after purchasing an additional 20,879 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

AECOM Company Profile

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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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