FY2024 EPS Estimates for TSE:NOA Lowered by Analyst

North American Construction Group Ltd. (TSE:NOA - Free Report) NYSE: NOA - Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for North American Construction Group in a research note issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $3.59 per share for the year, down from their prior estimate of $3.79. The consensus estimate for North American Construction Group's current full-year earnings is $4.06 per share. National Bank Financial also issued estimates for North American Construction Group's Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.90 EPS.

Other equities analysts have also recently issued research reports about the company. Cibc World Mkts upgraded North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. Raymond James upgraded North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 target price on the stock in a research report on Tuesday, January 21st. Canaccord Genuity Group boosted their target price on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. ATB Capital dropped their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Finally, National Bankshares boosted their target price on North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$37.63.

North American Construction Group Stock Performance

NOA stock traded down C$0.87 during trading on Monday, hitting C$28.24. The company had a trading volume of 57,748 shares, compared to its average volume of 64,556. The firm has a market cap of C$754.86 million, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1-year low of C$22.68 and a 1-year high of C$34.87. The firm has a 50-day moving average price of C$29.47 and a 200-day moving average price of C$27.12. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.02. The firm had revenue of C$286.86 million for the quarter, compared to analysts' expectations of C$294.95 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. During the same quarter in the previous year, the firm posted $0.50 EPS.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron bought 2,900 shares of North American Construction Group stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$27.68 per share, with a total value of C$80,272.00. Corporate insiders own 8.93% of the company's stock.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a dividend of $0.12 per share. This is a positive change from North American Construction Group's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. North American Construction Group's payout ratio is 21.86%.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.