Analysts Anticipate Aecom (ACM) Will Announce Quarterly Sales of $4.58 Billion

Wall Street brokerages expect Aecom (NYSE:ACM) to post $4.58 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Aecom’s earnings, with the lowest sales estimate coming in at $4.46 billion and the highest estimate coming in at $4.79 billion. Aecom reported sales of $4.41 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.9%. The firm is expected to report its next earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Aecom will report full year sales of $4.58 billion for the current fiscal year, with estimates ranging from $17.71 billion to $18.34 billion. For the next year, analysts expect that the company will post sales of $18.92 billion per share, with estimates ranging from $18.48 billion to $19.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Aecom.

Aecom (NYSE:ACM) last released its earnings results on Tuesday, May 9th. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.34. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.47 billion. Aecom had a return on equity of 11.87% and a net margin of 2.62%. Aecom’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share.

Several equities research analysts have commented on ACM shares. TheStreet raised shares of Aecom from a “c+” rating to a “b” rating in a report on Thursday, March 16th. Deutsche Bank AG reissued a “hold” rating and set a $38.00 target price (down from $41.00) on shares of Aecom in a research note on Saturday, April 22nd. Robert W. Baird lowered shares of Aecom from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $40.00 in a research note on Friday, April 7th. Argus lowered their target price on shares of Aecom from $43.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Aecom from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.63.

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Aecom (NYSE ACM) remained flat at $32.32 during trading on Friday. 904,204 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.76 and a beta of 1.90. Aecom has a 1-year low of $26.46 and a 1-year high of $40.72. The company has a 50 day moving average price of $33.18 and a 200 day moving average price of $35.74.

In other news, EVP Carla J. Christofferson sold 9,599 shares of the stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $34.60, for a total transaction of $332,125.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Webster Bank N. A. raised its position in shares of Aecom by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock worth $146,000 after buying an additional 1,170 shares in the last quarter. Financial Architects Inc raised its position in shares of Aecom by 30.8% in the first quarter. Financial Architects Inc now owns 4,584 shares of the construction company’s stock worth $163,000 after buying an additional 1,079 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Aecom during the first quarter worth $203,000. Laurion Capital Management LP bought a new position in shares of Aecom during the first quarter worth $221,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Aecom during the fourth quarter worth $236,000. 84.21% of the stock is currently owned by hedge funds and other institutional investors.

About Aecom

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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