National Bank Financial Predicts NOA Q1 Earnings

North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA - National Bank Financial cut their Q1 2025 earnings per share estimates for shares of North American Construction Group in a report issued on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the oil and gas company will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.67. The consensus estimate for North American Construction Group's current full-year earnings is $2.65 per share. National Bank Financial also issued estimates for North American Construction Group's Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $0.72 EPS.

A number of other research firms also recently commented on NOA. Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, North American Construction Group currently has an average rating of "Buy".

North American Construction Group Stock Up 0.0 %

Shares of NOA stock traded up $0.01 on Friday, hitting $20.31. The stock had a trading volume of 39,487 shares, compared to its average volume of 56,839. North American Construction Group has a one year low of $16.46 and a one year high of $25.92. The business has a 50 day moving average price of $20.68 and a 200 day moving average price of $19.47. The company has a market cap of $564.07 million, a PE ratio of 14.10 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th were issued a $0.089 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from North American Construction Group's previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 1.75%. North American Construction Group's payout ratio is currently 25.69%.

Institutional Trading of North American Construction Group

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of North American Construction Group by 15.3% during the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company's stock worth $40,519,000 after acquiring an additional 285,225 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in North American Construction Group by 59.8% in the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company's stock worth $31,981,000 after purchasing an additional 639,857 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of North American Construction Group by 11.9% during the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company's stock worth $24,167,000 after purchasing an additional 137,327 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of North American Construction Group by 3.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,232,145 shares of the oil and gas company's stock valued at $23,762,000 after purchasing an additional 39,480 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of North American Construction Group by 69.1% in the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company's stock worth $22,012,000 after purchasing an additional 480,885 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.