Aecon Group Inc. (TSE:ARE) Announces Quarterly Dividend of $0.19

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Friday, September 20th, Zacks reports. Investors of record on Wednesday, October 2nd will be paid a dividend of 0.19 per share on Wednesday, October 2nd. This represents a $0.76 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, September 20th.

Aecon Group Price Performance

The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The stock’s fifty day simple moving average is C$16.93 and its 200 day simple moving average is C$16.68. The firm has a market capitalization of C$1.24 billion, a P/E ratio of -72.93, a PEG ratio of 18.18 and a beta of 1.12. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$20.22.

Aecon Group (TSE:ARE) last posted its earnings results on Wednesday, July 24th. The company reported C($1.99) earnings per share for the quarter, topping analysts’ consensus estimates of C($2.53) by C$0.54. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. The business had revenue of C$853.80 million for the quarter, compared to analyst estimates of C$1.01 billion. As a group, research analysts anticipate that Aecon Group will post 1.3804945 EPS for the current fiscal year.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. Canaccord Genuity Group lowered their price target on shares of Aecon Group from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Desjardins decreased their target price on Aecon Group from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. BMO Capital Markets dropped their price target on Aecon Group from C$17.50 to C$16.50 in a report on Wednesday, July 24th. Finally, CIBC cut their price objective on shares of Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$20.80.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Timothy John Murphy bought 4,244 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of C$17.66 per share, with a total value of C$74,969.84. In other news, Director Scott Stewart bought 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of C$16.54 per share, for a total transaction of C$165,380.00. Also, Senior Officer Timothy John Murphy purchased 4,244 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. Insiders acquired 16,549 shares of company stock worth $274,762 over the last three months. Insiders own 0.82% of the company’s stock.

Aecon Group Company Profile

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.