AECOM (NYSE:ACM) Issues FY24 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $4.45-4.55 for the period, compared to the consensus EPS estimate of $4.44. AECOM also updated its FY 2024 guidance to 4.450-4.550 EPS.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial reissued a buy rating and issued a $108.00 price target (up from $107.00) on shares of AECOM in a report on Wednesday. Citigroup cut their target price on shares of AECOM from $116.00 to $104.00 and set a buy rating for the company in a research note on Monday, July 22nd. Robert W. Baird upped their price target on AECOM from $96.00 to $100.00 and gave the company an outperform rating in a report on Wednesday. UBS Group increased their price objective on AECOM from $105.00 to $106.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada lifted their target price on AECOM from $112.00 to $113.00 and gave the stock an outperform rating in a report on Wednesday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $103.63.

AECOM Stock Up 3.4 %

NYSE:ACM traded up $3.13 during trading hours on Thursday, hitting $94.70. 323,250 shares of the company’s stock traded hands, compared to its average volume of 782,684. The stock’s fifty day moving average price is $87.80 and its two-hundred day moving average price is $90.42. The firm has a market cap of $12.89 billion, a P/E ratio of -1,017.44, a P/E/G 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 has a twelve month low of $74.40 and a twelve month high of $98.72.

AECOM (NYSE:ACM) last issued its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, research analysts expect that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Insider Buying and Selling

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total value of $671,308.29. Following the transaction, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.

AECOM Company Profile

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.