AECOM (NYSE:ACM) Releases FY 2024 Earnings Guidance

AECOM (NYSE:ACM) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.450-4.550 for the period, compared to the consensus earnings per share estimate of 4.450. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.45-4.55 EPS.

AECOM Trading Up 2.1 %

Shares of NYSE ACM traded up $1.90 during mid-day trading on Wednesday, hitting $92.92. The stock had a trading volume of 588,096 shares, compared to its average volume of 780,099. The business has a 50 day moving average price of $87.68 and a two-hundred day moving average price of $90.41. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $12.65 billion, a P/E ratio of -1,042.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS. On average, equities analysts anticipate that AECOM will post 4.42 EPS for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. AECOM’s dividend payout ratio is presently -977.78%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ACM shares. Citigroup reduced their price target on shares of AECOM from $116.00 to $104.00 and set a buy rating for the company in a research note on Monday, July 22nd. KeyCorp decreased their price objective on AECOM from $105.00 to $94.00 and set an overweight rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada lifted their target price on shares of AECOM from $112.00 to $113.00 and gave the company an outperform rating in a research note on Wednesday. UBS Group upped their price target on AECOM from $105.00 to $106.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Finally, Truist Financial restated a buy rating and set a $108.00 price objective (up previously from $107.00) on shares of AECOM in a research report on Wednesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $103.00.

Insider Activity

In related news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction on Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the sale, the director now owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

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.