AECOM (NYSE:ACM) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

AECOM (NYSE:ACM - Get Free Report) announced its quarterly earnings results on Monday. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.03, Briefing.com reports. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. AECOM updated its FY25 guidance to $5.00-5.20 EPS and its FY 2025 guidance to 5.000-5.200 EPS.

AECOM Stock Down 0.3 %

Shares of NYSE:ACM traded down $0.33 during trading on Tuesday, hitting $108.80. 1,233,544 shares of the company were exchanged, compared to its average volume of 799,923. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $115.74. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.61 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average price of $104.92 and a two-hundred day moving average price of $95.75.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, January 2nd. This is a positive change from AECOM's previous quarterly dividend of $0.22. AECOM's dividend payout ratio is presently 47.31%.

Insider Activity

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by insiders.

AECOM declared that its board has authorized a share buyback plan on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACM shares. Robert W. Baird increased their target price on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday. Truist Financial raised their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. StockNews.com raised AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Finally, KeyCorp upped their price objective on AECOM from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $116.43.

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.