Aecon Group FY2024 EPS Boosted by National Bank Financial

Aecon Group Inc. (TSE:ARE - Free Report) - Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for shares of Aecon Group in a research note issued on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of ($0.74) per share for the year, up from their previous forecast of ($0.77). National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share. National Bank Financial also issued estimates for Aecon Group's Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.39 EPS and FY2026 earnings at $1.73 EPS.

Other research analysts also recently issued research reports about the company. Raymond James boosted their target price on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday, November 5th. National Bankshares cut Aecon Group from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$28.00 to C$30.00 in a research note on Wednesday. TD Securities raised shares of Aecon Group from a "hold" rating to a "buy" rating and raised their price objective for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th. CIBC lifted their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research note on Monday, November 4th. Finally, Stifel Nicolaus increased their price target on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Aecon Group has an average rating of "Moderate Buy" and a consensus target price of C$26.98.

Aecon Group Stock Down 0.2 %

ARE traded down C$0.06 on Friday, reaching C$28.04. 302,256 shares of the company traded hands, compared to its average volume of 295,263. Aecon Group has a 52-week low of C$11.50 and a 52-week high of C$29.70. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of -103.85, a PEG ratio of 18.18 and a beta of 1.13. The stock's 50 day moving average price is C$25.48 and its 200-day moving average price is C$19.89.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 2.71%. Aecon Group's dividend payout ratio is -281.48%.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.