Wall Street brokerages forecast that Aegion Corp (NASDAQ:AEGN) will announce $325.90 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Aegion’s earnings, with the lowest sales estimate coming in at $321.80 million and the highest estimate coming in at $330.00 million. Aegion posted sales of $335.03 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is scheduled to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Aegion will report full year sales of $1.29 billion for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $1.33 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last announced its earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $276.90 million during the quarter, compared to analysts’ expectations of $303.85 million. Aegion had a return on equity of 7.64% and a net margin of 0.08%. The firm’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share.
In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of Aegion stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total value of $71,799.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Aegion in the fourth quarter worth $9,459,000. BlackRock Inc. increased its position in shares of Aegion by 8.5% during the 4th quarter. BlackRock Inc. now owns 5,028,912 shares of the construction company’s stock valued at $82,074,000 after purchasing an additional 395,682 shares during the last quarter. Morgan Stanley increased its position in shares of Aegion by 64.3% during the 3rd quarter. Morgan Stanley now owns 299,050 shares of the construction company’s stock valued at $7,590,000 after purchasing an additional 117,003 shares during the last quarter. Boston Partners increased its position in shares of Aegion by 7.9% during the 4th quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock valued at $19,428,000 after purchasing an additional 87,555 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Aegion during the 4th quarter valued at about $1,316,000. Institutional investors own 97.41% of the company’s stock.
AEGN stock traded up $0.10 during trading on Friday, hitting $16.52. 5,646 shares of the company traded hands, compared to its average volume of 148,675. The stock has a market capitalization of $519.97 million, a PE ratio of 13.93, a P/E/G ratio of 1.40 and a beta of 1.87. Aegion has a 1 year low of $15.12 and a 1 year high of $26.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.19 and a quick ratio of 1.94.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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