Q3 2024 Earnings Estimate for Aecon Group Inc. Issued By Atb Cap Markets (TSE:ARE)

Aecon Group Inc. (TSE:ARE) – Investment analysts at Atb Cap Markets decreased their Q3 2024 EPS estimates for Aecon Group in a report issued on Thursday, April 25th. Atb Cap Markets analyst C. Murray now expects that the company will earn $0.58 per share for the quarter, down from their prior forecast of $0.60. The consensus estimate for Aecon Group’s current full-year earnings is $0.76 per share. Atb Cap Markets also issued estimates for Aecon Group’s Q4 2024 earnings at $0.32 EPS and Q3 2025 earnings at $0.98 EPS.

A number of other equities research analysts have also commented on the stock. TD Securities upped 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 note on Friday, March 8th. Stifel Nicolaus increased their price target on Aecon Group from C$17.00 to C$18.25 in a report on Friday. National Bankshares boosted their price objective on Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday. Royal Bank of Canada lifted their target price on Aecon Group from C$13.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Desjardins increased their price target on Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.17.

Aecon Group Stock Performance

Shares of ARE stock opened at C$17.05 on Monday. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The business’s 50 day simple moving average is C$16.15 and its 200 day simple moving average is C$13.61. The stock has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The company had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%.

Insider Buying and Selling at Aecon Group

In other news, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of C$16.33 per share, with a total value of C$114,310.00. In related news, Director Stuart Lee purchased 7,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. Company insiders own 1.72% of the company’s stock.

Aecon Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were given a $0.19 dividend. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Thursday, March 21st. Aecon Group’s dividend payout ratio is presently 36.19%.

Aecon Group Company Profile

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.