Aecon Group Inc. (TSE:ARE) Expected to Earn Q4 2024 Earnings of $0.64 Per Share

Aecon Group Inc. (TSE:ARE) – Equities researchers at Raymond James raised their Q4 2024 earnings estimates for shares of Aecon Group in a research report issued on Friday, April 26th. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $0.64 for the quarter, up from their previous estimate of $0.52. Raymond James currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $0.76 per share. Raymond James also issued estimates for Aecon Group’s Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million for the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%.

A number of other research firms have also weighed in on ARE. ATB Capital raised their price objective on Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday. CIBC raised their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday. National Bankshares upped their target price on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Trading Down 0.4 %

TSE:ARE opened at C$16.98 on Monday. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The company’s 50-day simple moving average is C$16.21 and its 200 day simple moving average is C$13.66. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 8.09, a PEG ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27.

Aecon Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.48%. Aecon Group’s dividend payout ratio is 36.19%.

Insider Activity at Aecon Group

In other news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In other news, Director Stuart Lee purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of C$16.33 per share, with a total value of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is owned by corporate insiders.

About Aecon Group

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.