North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.120-3.490 for the period, compared to the consensus estimate of 3.290. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.0 billion.
Wall Street Analyst Weigh In
NOA has been the topic of several recent analyst reports. StockNews.com downgraded North American Construction Group from a buy rating to a hold rating in a research note on Friday. TD Cowen raised shares of North American Construction Group from a hold rating to a buy rating in a report on Thursday, April 18th.
View Our Latest Analysis on NOA
North American Construction Group Trading Down 0.8 %
North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $220.33 million for the quarter, compared to analysts’ expectations of $217.28 million. North American Construction Group had a return on equity of 19.48% and a net margin of 5.21%. During the same quarter in the prior year, the business earned $0.71 EPS. Analysts predict that North American Construction Group will post 2.84 EPS for the current year.
North American Construction Group Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, May 31st will be paid a $0.0726 dividend. This represents a $0.29 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, May 31st. North American Construction Group’s dividend payout ratio (DPR) is currently 21.97%.
About North American Construction Group
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.
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