Aecon Group (ARE) Set to Announce Earnings on Wednesday

Aecon Group (TSE:ARE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Aecon Group to post earnings of C($0.16) per share for the quarter.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing the consensus estimate of C$0.17 by C($0.02). The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.22 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%.

Aecon Group Trading Down 0.5 %

ARE stock opened at C$16.57 on Wednesday. The company has a market capitalization of C$1.03 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The company’s 50 day moving average price is C$15.72 and its two-hundred day moving average price is C$13.28. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42.

Aecon Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.59%. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 21st. Aecon Group’s payout ratio is presently 36.19%.

Insider Transactions at Aecon Group

In other news, Director Stuart Lee bought 7,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of C$16.33 per share, for a total transaction of C$114,310.00. In related news, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The shares were purchased at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Company insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ARE. ATB Capital boosted their price objective on shares of Aecon Group from C$15.25 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. National Bankshares boosted their price objective on shares of Aecon Group from C$10.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Raymond James boosted their price objective on shares of Aecon Group from C$14.00 to C$16.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. CIBC boosted their price objective on shares of Aecon Group from C$18.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, TD Securities boosted their price objective on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a research report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.09.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.