Aecon Group Q3 EPS Lifted by National Bank Financial

Aecon Group Inc. (TSE:ARE) – Stock analysts at National Bank Financial raised their Q3 2024 earnings per share estimates for shares of Aecon Group in a research report issued on Monday, October 21st. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.66 per share for the quarter, up from their prior estimate of $0.52. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. National Bank Financial also issued estimates for Aecon Group’s Q4 2024 earnings at $0.44 EPS.

ARE has been the topic of a number of other reports. TD Securities dropped their price target on shares of Aecon Group from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$17.00 to C$20.50 in a research report on Monday, July 29th. BMO Capital Markets lowered their target price on shares of Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada increased their target price on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$21.44.

Aecon Group Price Performance

The firm has a 50-day simple moving average of C$19.90 and a two-hundred day simple moving average of C$17.59. The stock has a market capitalization of C$1.41 billion, a price-to-earnings ratio of -82.52, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a 1-year low of C$8.42 and a 1-year high of C$23.20. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, July 24th. The company reported C($1.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($2.53) by C$0.54. The company had revenue of C$853.80 million during the quarter, compared to analyst estimates of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%.

Insider Activity at Aecon Group

In other Aecon Group news, Director Scott Stewart bought 10,000 shares of the stock in a transaction on Monday, July 29th. The stock was purchased at an average price of C$16.54 per share, with a total value of C$165,380.00. In other news, Senior Officer Timothy John Murphy purchased 4,244 shares of Aecon Group stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of C$17.66 per share, with a total value of C$74,969.84. Also, Director Scott Stewart purchased 10,000 shares of Aecon Group stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of C$16.54 per share, for a total transaction of C$165,380.00. Insiders purchased a total of 16,549 shares of company stock valued at $274,762 over the last quarter. Corporate insiders own 0.82% of the company’s stock.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio is currently -281.48%.

Aecon Group Company Profile

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.