AECOM (NYSE:ACM) posted its earnings results on Tuesday. The construction company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78, Bloomberg Earnings reports. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.54 billion. AECOM had a return on equity of 12.40% and a net margin of 1.28%. AECOM’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. AECOM updated its FY17 guidance to $2.80-3.20 EPS.
AECOM (NYSE ACM) opened at 31.33 on Tuesday. AECOM has a one year low of $26.46 and a one year high of $40.72. The firm’s 50 day moving average price is $32.37 and its 200 day moving average price is $34.32. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 22.06 and a beta of 1.75.
Large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in AECOM by 4.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock valued at $122,000 after buying an additional 160 shares during the last quarter. Webster Bank N. A. increased its stake in AECOM by 39.8% in the first quarter. Webster Bank N. A. now owns 4,110 shares of the construction company’s stock valued at $146,000 after buying an additional 1,170 shares during the last quarter. Financial Architects Inc increased its stake in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after buying an additional 48 shares during the last quarter. Global X Management Co. LLC increased its stake in AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after buying an additional 3,388 shares during the last quarter. Finally, GAM Holding AG bought a new stake in AECOM during the second quarter valued at $194,000. 82.80% of the stock is owned by institutional investors.
Several research firms recently commented on ACM. Credit Suisse Group lowered AECOM from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $37.00 in a report on Monday, July 24th. Zacks Investment Research lowered AECOM from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $40.00 price objective (down previously from $45.00) on shares of AECOM in a report on Tuesday, July 18th. Robert W. Baird lowered AECOM from an “outperform” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a report on Tuesday, July 4th. Finally, UBS AG set a $38.00 price objective on AECOM and gave the stock a “buy” rating in a report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. AECOM currently has a consensus rating of “Hold” and a consensus price target of $35.30.
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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