Aecon Group (ARE) Scheduled to Post Quarterly Earnings on Wednesday

Aecon Group (TSE:ARE) is scheduled to announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of C($1.15) per share for the quarter.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. The company had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion.

Aecon Group Price Performance

Aecon Group stock opened at C$14.75 on Tuesday. The company has a market capitalization of C$918.48 million, a P/E ratio of 6.86, a PEG ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40. The stock has a 50-day simple moving average of C$16.02 and a 200-day simple moving average of C$15.70.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Friday, June 21st. Aecon Group’s dividend payout ratio is currently 35.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARE. Raymond James lifted their target price on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday, April 26th. TD Securities reduced their target price on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Tuesday, July 2nd. CIBC lowered their price target on Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. Stifel Nicolaus increased their price objective on Aecon Group from C$16.25 to C$16.50 in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity Group dropped their target price on Aecon Group from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Aecon Group presently has an average rating of “Hold” and an average target price of C$18.23.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.