North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.120-3.490 for the period, compared to the consensus estimate of 3.290. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.0 billion.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on NOA shares. TD Cowen raised North American Construction Group from a hold rating to a buy rating in a research report on Thursday, April 18th. StockNews.com downgraded North American Construction Group from a buy rating to a hold rating in a report on Friday.
View Our Latest Research Report on NOA
North American Construction Group Stock Down 0.8 %
North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $220.33 million during the quarter, compared to analyst estimates of $217.28 million. North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts expect that North American Construction Group will post 2.84 earnings per share for the current fiscal year.
North American Construction Group Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 31st will be issued a $0.0726 dividend. This represents a $0.29 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 31st. North American Construction Group’s dividend payout ratio is currently 21.97%.
North American Construction Group Company Profile
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.
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