AECOM (NYSE:ACM – Get Free Report)’s stock price traded down 4.1% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $91.50 and last traded at $92.35. 119,975 shares changed hands during trading, a decline of 83% from the average session volume of 717,356 shares. The stock had previously closed at $96.29.
The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS.
AECOM Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is 195.56%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on AECOM
Hedge Funds Weigh In On AECOM
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in AECOM in the 3rd quarter valued at about $352,000. Commonwealth Equity Services LLC boosted its stake in shares of AECOM by 26.2% in the third quarter. Commonwealth Equity Services LLC now owns 52,777 shares of the construction company’s stock valued at $4,383,000 after buying an additional 10,969 shares during the period. Forsta AP Fonden grew its position in AECOM by 3.1% during the third quarter. Forsta AP Fonden now owns 33,000 shares of the construction company’s stock worth $2,740,000 after buying an additional 1,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in AECOM by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 743,393 shares of the construction company’s stock worth $61,731,000 after acquiring an additional 61,898 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in AECOM by 0.5% in the 3rd quarter. Perigon Wealth Management LLC now owns 46,987 shares of the construction company’s stock valued at $3,902,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.
AECOM Trading Down 3.2 %
The stock has a market capitalization of $12.67 billion, a P/E ratio of 207.07, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $93.90 and a two-hundred day moving average price of $89.77.
AECOM Company Profile
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.
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