Q3 EPS Estimates for Aecon Group Lifted by Analyst

Aecon Group Inc. (TSE:ARE - Free Report) - Investment analysts at National Bank Financial upped their Q3 2024 earnings per share estimates for shares of Aecon Group in a report released on Monday, October 21st. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.66 per share for the quarter, up from their previous estimate of $0.52. National Bank Financial currently has a "Strong-Buy" 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 $0.44 EPS.

Other equities research analysts have also recently issued research reports about the stock. Desjardins reduced their target price on shares of Aecon Group from C$20.00 to C$18.00 and set a "buy" rating for the company in a research note on Tuesday, July 2nd. Royal Bank of Canada upped their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. CIBC raised their price target on shares of Aecon Group from C$22.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. BMO Capital Markets lowered their price objective on Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24th. Finally, National Bankshares upgraded Aecon Group from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$17.00 to C$20.50 in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Aecon Group has an average rating of "Moderate Buy" and an average price target of C$21.44.

Aecon Group Stock Performance

Aecon Group stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$22.28. The company had a trading volume of 240,535 shares, compared to its average volume of 291,052. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of -82.59, a PEG ratio of 18.18 and a beta of 1.13. The company has a 50 day moving average of C$19.80 and a 200-day moving average of C$17.55. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$23.20.

Aecon Group (TSE:ARE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C($1.99) earnings per share for the quarter, beating the consensus estimate of C($2.53) by C$0.54. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. The company had revenue of C$853.80 million during the quarter, compared to analysts' expectations of C$1.01 billion.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a $0.19 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 3.41%. Aecon Group's dividend payout ratio (DPR) is presently -281.48%.

Insider Transactions at Aecon Group

In other Aecon Group news, Director Scott Stewart acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of C$16.54 per share, with a total value of C$165,380.00. In related news, Director Scott Stewart purchased 10,000 shares of the business's stock in a transaction on Monday, July 29th. The shares were purchased at an average price of C$16.54 per share, with a total value of C$165,380.00. Also, Senior Officer Timothy John Murphy acquired 4,244 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. Insiders have bought a total of 16,549 shares of company stock valued at $274,762 over the last three months. 0.82% of the stock is currently owned by corporate insiders.

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.