North American Construction Group (TSE:NOA) Posts Quarterly Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) posted its quarterly earnings data on Wednesday. The company reported C$0.37 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.88% and a net margin of 2.63%.

North American Construction Group Trading Down 0.8%

Shares of NOA stock opened at C$19.79 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 201.83. The business has a 50-day moving average price of C$19.72 and a two-hundred day moving average price of C$20.23. North American Construction Group has a 12-month low of C$16.45 and a 12-month high of C$24.90. The firm has a market cap of C$562.33 million, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.48 annualized dividend and a yield of 2.4%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.11%.

Insider Transactions at North American Construction Group

In other news, Director John Joseph Pollesel purchased 2,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was purchased at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the purchase, the director directly owned 3,500 shares in the company, valued at approximately C$62,650. This trade represents a 133.33% increase in their position. 8.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NOA. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$26.00 to C$23.00 in a research note on Thursday, March 12th. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research note on Friday, March 13th. Raymond James Financial lifted their price objective on North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. Finally, ATB Cormark Capital Markets lowered North American Construction Group from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$22.43.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.