AECOM (NYSE:ACM) announced its quarterly earnings results on Monday. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03, Bloomberg Earnings reports. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. AECOM updated its FY18 guidance to $2.05-2.90 EPS.
Shares of AECOM (NYSE ACM) opened at $35.63 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $5,577.34, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. AECOM has a twelve month low of $30.15 and a twelve month high of $40.72.
Several brokerages have recently issued reports on ACM. Citigroup Inc. reissued a “buy” rating and set a $4.00 price target (down previously from $40.00) on shares of AECOM in a report on Friday, October 27th. Robert W. Baird restated a “neutral” rating and set a $38.00 price objective (up from $36.00) on shares of AECOM in a research note on Friday, September 22nd. KeyCorp restated a “buy” rating on shares of AECOM in a research note on Friday, September 22nd. Zacks Investment Research upgraded shares of AECOM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Credit Suisse Group restated a “hold” rating and set a $37.00 price objective on shares of AECOM in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. AECOM currently has an average rating of “Hold” and a consensus target price of $35.20.
AECOM announced that its board has initiated a stock buyback program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 18.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other AECOM news, CEO Michael S. Burke sold 56,800 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value of $1,110,000.00. Following the sale, the chief executive officer now owns 154,362 shares in the company, valued at approximately $5,711,394. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
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AECOM Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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