National Bank Financial Analysts Raise Earnings Estimates for North American Construction Group Ltd (TSE:NOA)

North American Construction Group Ltd (TSE:NOA) (NYSE:NOA) – Analysts at National Bank Financial boosted their FY2019 earnings per share estimates for shares of North American Construction Group in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $1.80 per share for the year, up from their prior estimate of $1.53. National Bank Financial currently has a “Outperform” rating and a $23.00 target price on the stock.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Monday, February 25th. The company reported C$0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.11 by C($0.01). The company had revenue of C$131.00 million for the quarter, compared to analysts’ expectations of C$89.90 million.

Other equities analysts also recently issued research reports about the stock. Raymond James upped their price objective on shares of North American Construction Group from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Canaccord Genuity upped their price objective on shares of North American Construction Group from C$22.00 to C$23.00 in a research report on Wednesday, February 27th. Finally, Pi Financial upped their price objective on shares of North American Construction Group from C$20.00 to C$23.00 in a research report on Wednesday, February 27th.

TSE:NOA traded up C$0.12 during trading hours on Monday, reaching C$15.02. 49,750 shares of the company’s stock were exchanged, compared to its average volume of 79,601. North American Construction Group has a 1-year low of C$6.62 and a 1-year high of C$18.36.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, July 5th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.53%.

In other news, Senior Officer Barry Wade Palmer sold 5,100 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$16.85, for a total value of C$85,935.00. Following the completion of the transaction, the insider now owns 62,989 shares in the company, valued at approximately C$1,061,364.65. Also, Director Martin Robert Ferron sold 6,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$16.55, for a total transaction of C$99,300.00. Following the completion of the transaction, the director now owns 1,668,773 shares of the company’s stock, valued at approximately C$27,618,193.15. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $125,610 and have sold 27,300 shares valued at $454,413.

About North American Construction Group

North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.

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Earnings History and Estimates for North American Construction Group (TSE:NOA)

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