AECOM (NYSE:ACM) Posts Earnings Results, Beats Expectations By $0.03 EPS

AECOM (NYSE:ACM) issued its quarterly earnings data on Monday. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03, Briefing.com reports. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $1.01 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. AECOM updated its FY25 guidance to $5.00-5.20 EPS and its FY 2025 guidance to 5.000-5.200 EPS.

AECOM Stock Down 0.9 %

NYSE ACM traded down $0.97 during trading hours on Tuesday, hitting $108.16. 254,951 shares of the company traded hands, compared to its average volume of 795,554. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 58.70, a P/E/G ratio of 1.61 and a beta of 1.17. AECOM has a twelve month low of $82.23 and a twelve month high of $115.74. The business’s 50-day moving average is $104.62 and its 200-day moving average is $95.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 47.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACM. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Royal Bank of Canada raised their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial raised their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus price target of $116.43.

AECOM declared that its Board of Directors has approved a stock repurchase plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

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.