Atb Cap Markets Predicts Increased Earnings for Aecon Group

Aecon Group Inc. (TSE:ARE - Free Report) - Research analysts at Atb Cap Markets upped their FY2024 earnings estimates for shares of Aecon Group in a report issued on Sunday, November 3rd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of ($0.74) for the year, up from their prior forecast of ($1.17). The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share. Atb Cap Markets also issued estimates for Aecon Group's Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $1.48 EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at $2.92 EPS.

A number of other analysts also recently issued reports on the company. TD Securities raised Aecon Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$23.00 to C$35.00 in a research report on Monday. Canaccord Genuity Group boosted their price target on shares of Aecon Group from C$28.00 to C$33.00 in a research note on Monday. Raymond James increased their price objective on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday. Royal Bank of Canada boosted their target price on Aecon Group from C$13.00 to C$17.00 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Finally, Stifel Canada upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$25.94.

Aecon Group Trading Up 0.9 %

ARE stock traded up C$0.25 during midday trading on Wednesday, hitting C$28.85. 454,527 shares of the company's stock were exchanged, compared to its average volume of 294,695. Aecon Group has a 1-year low of C$10.30 and a 1-year high of C$29.16. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The stock has a market capitalization of C$1.80 billion, a PE ratio of -105.93, a P/E/G ratio of 18.18 and a beta of 1.13. The business has a 50-day simple moving average of C$21.05 and a two-hundred day simple moving average of C$18.03.

Insider Buying and Selling

In other news, Senior Officer Timothy John Murphy purchased 4,244 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Insiders own 0.82% of the company's stock.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, September 20th. Aecon Group's dividend payout ratio is presently -281.48%.

Aecon Group Company Profile

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.