North American Construction Group (NYSE:NOA) Issues FY 2024 Earnings Guidance

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.900-3.042 for the period, compared to the consensus EPS estimate of 3.930. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

North American Construction Group Stock Up 2.3 %

Shares of NOA stock traded up $0.38 during trading hours on Wednesday, hitting $17.18. 57,386 shares of the company were exchanged, compared to its average volume of 64,419. The business has a 50 day moving average of $18.44 and a two-hundred day moving average of $19.39. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. North American Construction Group has a 52 week low of $16.46 and a 52 week high of $25.92. The company has a market capitalization of $460.96 million, a PE ratio of 12.36 and a beta of 1.49.

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. The company had revenue of $201.95 million during the quarter, compared to the consensus estimate of $230.03 million. Analysts anticipate that North American Construction Group will post 2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

Get Our Latest Stock Analysis on North American Construction Group

About North American Construction Group

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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

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Earnings History and Estimates for North American Construction Group (NYSE:NOA)

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