AECOM (NYSE:ACM – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 4.350-4.550 for the period, compared to the consensus earnings per share estimate of 4.480. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.35-4.55 EPS.
Analyst Ratings Changes
Several research firms recently issued reports on ACM. Royal Bank of Canada reissued an outperform rating and issued a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. KeyCorp raised their target price on shares of AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Citigroup raised their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Barclays raised their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Finally, Robert W. Baird raised their target price on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a research report on Tuesday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of Buy and an average price target of $107.43.
Read Our Latest Stock Analysis on ACM
AECOM Stock Down 0.9 %
AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. Sell-side analysts expect that AECOM will post 4.43 EPS for the current fiscal year.
AECOM Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. AECOM’s dividend payout ratio is currently 195.56%.
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.
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