Equities analysts predict that Aegion Corp (NASDAQ:AEGN) will announce earnings per share of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aegion’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.41. Aegion posted earnings per share of $0.45 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.7%. The business is expected to announce its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that Aegion will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.23. For the next financial year, analysts anticipate that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.32 to $1.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Aegion had a negative net margin of 1.20% and a positive return on equity of 8.14%. The firm had revenue of $318.74 million for the quarter, compared to analysts’ expectations of $321.22 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year.
A number of brokerages have weighed in on AEGN. ValuEngine upgraded Aegion from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Aegion from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Friday, June 14th. Finally, BidaskClub upgraded Aegion from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.
A number of hedge funds have recently made changes to their positions in the business. South Dakota Investment Council raised its holdings in shares of Aegion by 85.7% during the 1st quarter. South Dakota Investment Council now owns 23,210 shares of the construction company’s stock worth $408,000 after acquiring an additional 10,710 shares during the period. Rhumbline Advisers raised its holdings in shares of Aegion by 1.3% during the 1st quarter. Rhumbline Advisers now owns 96,994 shares of the construction company’s stock worth $1,704,000 after acquiring an additional 1,276 shares during the period. Foundry Partners LLC raised its holdings in shares of Aegion by 13.5% during the 2nd quarter. Foundry Partners LLC now owns 617,663 shares of the construction company’s stock worth $11,365,000 after acquiring an additional 73,531 shares during the period. Strs Ohio purchased a new position in shares of Aegion during the 1st quarter worth $151,000. Finally, Norges Bank purchased a new position in shares of Aegion during the 4th quarter worth $9,459,000. Institutional investors own 96.49% of the company’s stock.
AEGN stock traded down $0.45 during midday trading on Friday, reaching $19.23. The stock had a trading volume of 83,534 shares, compared to its average volume of 118,769. The company’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $17.78. The company has a current ratio of 1.96, a quick ratio of 1.71 and a debt-to-equity ratio of 0.75. The company has a market cap of $616.82 million, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.61 and a beta of 2.19. Aegion has a 52-week low of $14.12 and a 52-week high of $25.54.
Aegion Company Profile
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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