Zacks: Analysts Anticipate AECOM (ACM) to Post $0.65 EPS

Equities analysts predict that AECOM (NYSE:ACM) will post earnings per share (EPS) of $0.65 for the current quarter, according to Zacks. Four analysts have issued estimates for AECOM’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.68. AECOM posted earnings per share of $0.89 during the same quarter last year, which indicates a negative year over year growth rate of 27%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that AECOM will report full year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.73. For the next financial year, analysts expect that the business will post earnings of $3.00 per share, with EPS estimates ranging from $2.87 to $3.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for AECOM.

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AECOM (NYSE:ACM) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. AECOM had a net margin of 2.15% and a return on equity of 11.74%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.

Several research firms recently weighed in on ACM. Zacks Investment Research downgraded shares of AECOM from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. Barclays began coverage on shares of AECOM in a research report on Tuesday, December 12th. They set an “underweight” rating and a $34.00 price target for the company. Robert W. Baird upgraded shares of AECOM from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, January 3rd. DA Davidson upped their price target on shares of AECOM to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Citigroup upped their price target on shares of AECOM from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. AECOM has an average rating of “Hold” and an average price target of $36.73.

In other AECOM news, Director Linda M. Griego sold 5,160 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.11, for a total value of $196,647.60. Following the completion of the sale, the director now owns 33,335 shares in the company, valued at approximately $1,270,396.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 15,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total transaction of $583,200.00. Following the completion of the sale, the insider now owns 129,095 shares of the company’s stock, valued at approximately $5,019,213.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,136 shares of company stock valued at $1,517,467. 0.74% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of AECOM by 9.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 779,074 shares of the construction company’s stock valued at $28,678,000 after buying an additional 65,000 shares during the period. Legal & General Group Plc grew its stake in shares of AECOM by 12.6% in the 3rd quarter. Legal & General Group Plc now owns 234,574 shares of the construction company’s stock valued at $8,635,000 after buying an additional 26,258 shares during the period. American International Group Inc. grew its stake in shares of AECOM by 1.7% in the 4th quarter. American International Group Inc. now owns 326,085 shares of the construction company’s stock valued at $12,114,000 after buying an additional 5,488 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AECOM by 51.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,130 shares of the construction company’s stock valued at $302,000 after buying an additional 2,771 shares during the period. Finally, Commonwealth Bank of Australia grew its stake in shares of AECOM by 45.2% in the 3rd quarter. Commonwealth Bank of Australia now owns 18,000 shares of the construction company’s stock valued at $658,000 after buying an additional 5,600 shares during the period. 84.01% of the stock is owned by institutional investors and hedge funds.

ACM opened at $36.02 on Friday. AECOM has a twelve month low of $30.15 and a twelve month high of $39.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $5,718.95, a P/E ratio of 12.06, a P/E/G ratio of 2.40 and a beta of 1.65.

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About AECOM

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

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Earnings History and Estimates for AECOM (NYSE:ACM)

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