AECOM Declares Quarterly Dividend of $0.26 (NYSE:ACM)

AECOM (NYSE:ACM - Get Free Report) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Wednesday, April 2nd will be paid a dividend of 0.26 per share by the construction company on Thursday, April 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, April 2nd.

AECOM has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Stock Up 0.3 %

Shares of AECOM stock traded up $0.29 during trading on Friday, reaching $97.02. The company's stock had a trading volume of 965,740 shares, compared to its average volume of 812,985. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.63 and a beta of 1.22. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a 50-day simple moving average of $104.17 and a two-hundred day simple moving average of $105.36.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. As a group, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

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AECOM announced that its board has authorized a share buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACM. Robert W. Baird lowered their price target on AECOM from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group began coverage on AECOM in a research report on Friday, November 22nd. They set a "buy" rating and a $130.00 price target for the company. Truist Financial lifted their price target on AECOM from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Barclays lifted their price target on AECOM from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, KeyCorp lowered their price target on AECOM from $122.00 to $121.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM currently has an average rating of "Buy" and a consensus target price of $120.38.

About AECOM

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.