AECOM (NYSE:ACM – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the consensus estimate of $4.48. AECOM also updated its FY 2024 guidance to 4.350-4.550 EPS.
Analyst Ratings Changes
A number of equities analysts recently weighed in on ACM shares. Truist Financial assumed coverage on AECOM in a report on Thursday, March 14th. They issued a buy rating and a $106.00 price target for the company. Royal Bank of Canada reissued an outperform rating and issued a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. TheStreet upgraded shares of AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Citigroup lifted their target price on shares of AECOM from $107.00 to $116.00 and gave the company a buy rating in a research report on Monday, April 22nd. Finally, Barclays upped their price target on shares of AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $106.43.
Read Our Latest Research Report on ACM
AECOM Trading Down 2.9 %
AECOM (NYSE:ACM – Get Free Report) last issued its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $0.92 earnings per share. AECOM’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that AECOM will post 4.43 EPS for the current fiscal year.
AECOM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.94%. AECOM’s dividend payout ratio (DPR) is 195.56%.
AECOM Company Profile
AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.
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