North American Construction Group (NYSE:NOA) Announces Earnings Results, Misses Estimates By $0.11 EPS

North American Construction Group (NYSE:NOA) (TSE:NOA) released its quarterly earnings results on Wednesday. The oil and gas company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.11), reports. North American Construction Group had a negative net margin of 0.61% and a positive return on equity of 3.22%. The business had revenue of $290.24 million for the quarter, compared to the consensus estimate of $286.62 million.

North American Construction Group Stock Performance

Shares of NYSE:NOA traded down $0.16 during midday trading on Friday, reaching $9.28. 143,150 shares of the company’s stock traded hands, compared to its average volume of 119,639. North American Construction Group has a one year low of $8.56 and a one year high of $17.26. The stock has a 50 day moving average of $12.32 and a 200 day moving average of $13.88. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.90 and a current ratio of 1.07. The company has a market cap of $255.43 million, a price-to-earnings ratio of -34.36 and a beta of 1.06.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Wednesday, November 25th will be issued a C$0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.2%. North American Construction Group’s dividend payout ratio (DPR) is presently -125.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NOA shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Wall Street Zen lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.75.

North American Construction Group Company Profile

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.