AECOM (ACM) Scheduled to Post Earnings on Monday

AECOM (NYSE:ACM) is set to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. AECOM has set its FY24 guidance at $4.35-4.55 EPS and its FY 2024 guidance at 4.350-4.550 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

AECOM (NYSE:ACM) last issued its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, analysts expect AECOM to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AECOM Stock Performance

ACM opened at $88.20 on Friday. The stock has a 50-day moving average of $87.64 and a 200-day moving average of $90.39. AECOM has a 52-week low of $74.40 and a 52-week high of $98.72. The company has a market cap of $12.01 billion, a PE ratio of -979.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd were given a $0.22 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. AECOM’s dividend payout ratio is currently -977.67%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Truist Financial lowered their target price on AECOM from $113.00 to $107.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. KeyCorp decreased their price objective on AECOM from $105.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. UBS Group boosted their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup decreased their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus price target of $101.88.

Insider Buying and Selling at AECOM

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.