Aecom (NYSE:ACM) Releases FY19 Earnings Guidance

Aecom (NYSE:ACM) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.60-$2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. Aecom also updated its FY 2019 guidance to $2.60-2.90 EPS.

NYSE:ACM opened at $31.43 on Friday. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 11.73 and a beta of 1.74. Aecom has a fifty-two week low of $24.83 and a fifty-two week high of $35.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23.

Aecom (NYSE:ACM) last announced its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Aecom had a return on equity of 10.08% and a net margin of 1.34%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, equities analysts forecast that Aecom will post 2.78 earnings per share for the current fiscal year.

ACM has been the subject of several recent research reports. TheStreet raised Aecom from a c+ rating to a b- rating in a research note on Monday, April 29th. Zacks Investment Research raised Aecom from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Wednesday, April 10th. Finally, ValuEngine raised Aecom from a sell rating to a hold rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Aecom currently has a consensus rating of Hold and a consensus target price of $35.29.

In other news, EVP Carla J. Christofferson sold 8,403 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $32.00, for a total transaction of $268,896.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel R. Tishman sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $30.11, for a total value of $752,750.00. Following the transaction, the director now owns 97,978 shares of the company’s stock, valued at $2,950,117.58. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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Aecom Company Profile

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.

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Earnings History and Estimates for Aecom (NYSE:ACM)

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