AECOM (NYSE:ACM) Trading Down 4.1% Following Weak Earnings

AECOM (NYSE:ACM)’s stock price fell 4.1% during trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $91.50 and last traded at $92.35. 119,975 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 717,356 shares. The stock had previously closed at $96.29.

The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. AECOM’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Robert W. Baird increased their target price on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup raised their target price on AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Barclays upped their price target on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, KeyCorp raised their price objective on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of “Buy” and an average price target of $107.43.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM during the 4th quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in AECOM during the fourth quarter worth $28,000. Rise Advisors LLC bought a new position in AECOM during the first quarter valued at about $31,000. GAMMA Investing LLC acquired a new stake in shares of AECOM in the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC bought a new stake in shares of AECOM during the 3rd quarter worth about $38,000. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

The stock has a fifty day moving average price of $93.96 and a 200 day moving average price of $89.79. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 205.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.

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.