AECOM (NYSE:ACM) Plans $0.22 Quarterly Dividend

AECOM (NYSE:ACM) announced a quarterly dividend on Wednesday, June 5th, RTT News reports. Investors of record on Wednesday, July 3rd will be given a dividend of 0.22 per share by the construction company on Friday, July 19th. This represents a $0.88 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, July 3rd.

AECOM has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AECOM to earn $5.03 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 17.5%.

AECOM Trading Down 0.8 %

Shares of AECOM stock opened at $88.14 on Monday. The firm’s 50 day simple moving average is $89.82 and its two-hundred day simple moving average is $90.96. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of -979.22, a PEG ratio of 1.24 and a beta of 1.21. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. AECOM’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Analysts predict that AECOM will post 4.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Citigroup upped their price objective on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Robert W. Baird increased their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. KeyCorp boosted their target price on shares of AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Truist Financial reaffirmed a “buy” rating and set a $113.00 price target (up from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $107.25.

Insider Buying and Selling

In related news, Director Douglas Stotlar sold 7,179 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

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.