National Bank Financial Comments on TSE:NOA FY2024 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for North American Construction Group in a research note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the company will earn $3.59 per share for the year, down from their prior estimate of $3.79. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share. National Bank Financial also issued estimates for North American Construction Group’s Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.90 EPS.

NOA has been the topic of several other reports. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a research report on Tuesday, January 21st. National Bankshares lifted their price objective on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, ATB Capital reduced their price objective on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and an average target price of C$37.63.

North American Construction Group Stock Performance

Shares of TSE NOA opened at C$28.28 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. North American Construction Group has a 12-month low of C$22.68 and a 12-month high of C$34.87. The firm has a market capitalization of C$755.92 million, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The firm has a 50 day moving average of C$29.48 and a 200 day moving average of C$27.13.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.02. The firm had revenue of C$286.86 million for the quarter, compared to analysts’ expectations of C$294.95 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. During the same quarter in the prior year, the business earned $0.50 EPS.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. North American Construction Group’s dividend payout ratio is currently 21.86%.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron sold 6,209 shares of the business’s stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by corporate insiders.

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.