DA Davidson Equities Analysts Decrease Earnings Estimates for AECOM (NYSE:ACM)

AECOM (NYSE:ACM) – Investment analysts at DA Davidson reduced their Q3 2017 earnings estimates for shares of AECOM in a note issued to investors on Wednesday. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.83. DA Davidson also issued estimates for AECOM’s FY2017 earnings at $2.88 EPS.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $37.00 in a research report on Monday. Zacks Investment Research downgraded shares of AECOM from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Citigroup Inc. reissued a “buy” rating and set a $40.00 target price (down previously from $45.00) on shares of AECOM in a research report on Tuesday, July 18th. Robert W. Baird downgraded shares of AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 target price for the company. in a research report on Tuesday, July 4th. Finally, UBS AG set a $38.00 target price on shares of AECOM and gave the stock a “buy” rating in a research report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.30.

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AECOM (NYSE:ACM) opened at 31.83 on Friday. The stock has a 50 day moving average of $32.50 and a 200 day moving average of $34.45. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 22.42 and a beta of 1.75. AECOM has a 1-year low of $26.46 and a 1-year high of $40.72.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. AECOM had a net margin of 1.28% and a return on equity of 12.40%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in AECOM by 2.6% in the second quarter. Great West Life Assurance Co. Can now owns 258,266 shares of the construction company’s stock worth $8,343,000 after buying an additional 6,596 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in AECOM by 5,936.5% in the second quarter. Harbour Capital Advisors LLC now owns 408,975 shares of the construction company’s stock worth $12,650,000 after buying an additional 402,200 shares in the last quarter. John G Ullman & Associates Inc. boosted its position in AECOM by 549.0% in the second quarter. John G Ullman & Associates Inc. now owns 101,900 shares of the construction company’s stock worth $3,294,000 after buying an additional 86,200 shares in the last quarter. Russell Investments Group Ltd. boosted its position in AECOM by 13.6% in the second quarter. Russell Investments Group Ltd. now owns 720,231 shares of the construction company’s stock worth $23,287,000 after buying an additional 86,327 shares in the last quarter. Finally, Financial Architects Inc boosted its position in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 82.49% of the company’s stock.

AECOM Company Profile

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

Earnings History and Estimates for AECOM (NYSE:ACM)




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