AECOM (NYSE:ACM) Releases FY24 Earnings Guidance

AECOM (NYSE:ACM) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the consensus estimate of $4.48. AECOM also updated its FY 2024 guidance to 4.350-4.550 EPS.

AECOM Trading Down 0.9 %

NYSE:ACM traded down $0.87 during mid-day trading on Wednesday, hitting $92.27. 797,282 shares of the stock traded hands, compared to its average volume of 739,048. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 205.05, a PEG ratio of 1.41 and a beta of 1.23. The firm’s 50 day moving average is $93.96 and its two-hundred day moving average is $89.79.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts predict that AECOM will post 4.43 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. AECOM’s dividend payout ratio (DPR) is 195.56%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ACM shares. Robert W. Baird raised their price target on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a research note on Tuesday. Truist Financial reiterated a buy rating and issued a $113.00 price target (up previously from $106.00) on shares of AECOM in a report on Wednesday. TheStreet upgraded AECOM from a c+ rating to a b rating in a report on Monday, February 5th. KeyCorp lifted their target price on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued an outperform rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average target price of $107.43.

About AECOM

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.