Aecon Group Inc. (ARE) to Distribute Quarterly Dividend of $0.19 on July 3rd

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Tuesday, June 23rd, TickerTech Dividends reports. Stockholders of record on Friday, July 3rd will be paid a dividend of 0.1925 per share on Friday, July 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Aecon Group Stock Performance

TSE:ARE opened at C$43.71 on Friday. The company’s 50-day moving average price is C$47.15 and its 200-day moving average price is C$39.81. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The company has a market cap of C$2.99 billion, a P/E ratio of 79.47, a P/E/G ratio of 18.18 and a beta of 1.36. Aecon Group has a twelve month low of C$17.06 and a twelve month high of C$57.72.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. The business had revenue of C$1.26 billion for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. On average, sell-side analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ARE has been the topic of several recent research reports. Jefferies Financial Group boosted their target price on Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th. Canadian Imperial Bank of Commerce lifted their price objective on Aecon Group from C$45.00 to C$48.00 in a research report on Thursday, April 9th. Stifel Nicolaus lowered their price objective on Aecon Group from C$46.00 to C$44.50 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial boosted their price objective on Aecon Group from C$44.00 to C$54.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets upped their target price on Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aecon Group has an average rating of “Hold” and a consensus price target of C$52.29.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.