Zacks: Analysts Expect Aegion Corp (NASDAQ:AEGN) to Announce $0.40 Earnings Per Share

Analysts expect that Aegion Corp (NASDAQ:AEGN) will report earnings of $0.40 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aegion’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Aegion posted earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The company is expected to issue its next earnings report on Tuesday, October 29th.

On average, analysts expect that Aegion will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.22 to $1.23. For the next fiscal year, analysts anticipate that the business will post earnings of $1.42 per share, with EPS estimates ranging from $1.32 to $1.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Aegion.

Aegion (NASDAQ:AEGN) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Aegion had a positive return on equity of 8.14% and a negative net margin of 1.20%. The business had revenue of $318.74 million during the quarter, compared to the consensus estimate of $321.22 million. During the same period last year, the company earned $0.34 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis.

A number of analysts have issued reports on AEGN shares. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a research note on Friday, June 14th. BidaskClub raised Aegion from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus set a $24.00 target price on Aegion and gave the stock a “hold” rating in a research note on Thursday, September 12th. Finally, ValuEngine raised Aegion from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Aegion currently has an average rating of “Hold” and an average price target of $19.33.

Shares of AEGN traded down $0.33 during midday trading on Tuesday, reaching $20.75. The company had a trading volume of 111,826 shares, compared to its average volume of 125,914. Aegion has a 1-year low of $14.12 and a 1-year high of $25.54. The stock has a market cap of $660.70 million, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.72 and a beta of 2.15. The firm has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $17.85. The company has a quick ratio of 1.71, a current ratio of 1.96 and a debt-to-equity ratio of 0.75.

Several large investors have recently modified their holdings of AEGN. Meadow Creek Investment Management LLC increased its position in shares of Aegion by 9.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,552 shares of the construction company’s stock worth $120,000 after purchasing an additional 560 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Aegion by 153.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,413 shares of the construction company’s stock worth $130,000 after purchasing an additional 4,490 shares during the last quarter. Bank of Montreal Can increased its position in shares of Aegion by 67.6% during the 2nd quarter. Bank of Montreal Can now owns 7,617 shares of the construction company’s stock worth $139,000 after purchasing an additional 3,071 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Aegion by 9.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,956 shares of the construction company’s stock worth $146,000 after purchasing an additional 680 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Aegion by 7.0% during the 2nd quarter. Strs Ohio now owns 9,200 shares of the construction company’s stock worth $169,000 after purchasing an additional 600 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

About Aegion

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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