Aegion Corp. (NASDAQ:AEGN) will be announcing its earnings results after the market closes on Tuesday, October 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The company earned $297.69 million during the quarter, compared to the consensus estimate of $313.10 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Aegion Corp.’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts expect Aegion Corp. to post $1.13 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.
Shares of Aegion Corp. (NASDAQ:AEGN) opened at 19.07 on Monday. The firm’s 50-day moving average is $18.58 and its 200 day moving average is $19.68. The stock’s market capitalization is $632.59 million. Aegion Corp. has a 1-year low of $16.00 and a 1-year high of $22.41.
A number of analysts have commented on the stock. Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 28th. Sidoti assumed coverage on shares of Aegion Corp. in a research note on Monday, June 27th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.00.
Several hedge funds have recently bought and sold shares of AEGN. Picton Mahoney Asset Management bought a new stake in Aegion Corp. during the second quarter worth about $104,000. Bluestein R H & Co. raised its stake in Aegion Corp. by 20.0% in the second quarter. Bluestein R H & Co. now owns 12,000 shares of the company’s stock worth $234,000 after buying an additional 2,000 shares during the period. Advisor Group Inc. bought a new stake in Aegion Corp. during the second quarter worth about $253,000. Paloma Partners Management Co bought a new stake in Aegion Corp. during the second quarter worth about $303,000. Finally, BlackRock Advisors LLC raised its stake in Aegion Corp. by 2.0% in the second quarter. BlackRock Advisors LLC now owns 17,306 shares of the company’s stock worth $338,000 after buying an additional 340 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.
About Aegion Corp.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
Receive News & Ratings for Aegion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion Corp. and related companies with MarketBeat.com's FREE daily email newsletter.