Key Points
- Insider sale: Aecon Group insider Timothy John Murphy sold 2,930 shares on May 11 at an average price of C$52.31, for total proceeds of C$153,268.30. His remaining stake fell by 37.9% to 4,801 shares.
- Latest financial results: Aecon reported quarterly EPS of C($0.21) on revenue of C$1.26 billion in its most recent earnings release. Analysts expect the company to earn 1.3793321 EPS for the current fiscal year.
- Analyst sentiment and dividend: Several analysts recently raised price targets, with the consensus rating at Hold and a consensus target of C$52.29. The company also paid a quarterly dividend of C$0.1925 per share, implying a 1.5% yield.
Aecon Group Inc. (TSE:ARE - Get Free Report) insider Timothy John Murphy sold 2,930 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$52.31, for a total transaction of C$153,268.30. Following the completion of the transaction, the insider directly owned 4,801 shares of the company's stock, valued at C$251,140.31. This trade represents a 37.90% decrease in their position.
Aecon Group Stock Performance
TSE:ARE opened at C$49.85 on Thursday. Aecon Group Inc. has a 12-month low of C$17.06 and a 12-month high of C$57.72. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. The firm has a market capitalization of C$3.41 billion, a PE ratio of 90.64, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The firm has a 50-day moving average price of C$44.96 and a 200 day moving average price of C$36.55.
Aecon Group (TSE:ARE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The business had revenue of C$1.26 billion during the quarter. Research analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.
Aecon Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group's dividend payout ratio is 138.64%.
Analyst Ratings Changes
Several research analysts recently issued reports on ARE shares. BMO Capital Markets increased their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 29th. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Raymond James Financial increased their price target on shares of Aecon Group from C$44.00 to C$54.00 in a research report on Wednesday, April 29th. TD Securities increased their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a "buy" rating in a research report on Monday, March 30th. Finally, TD raised their price objective on shares of Aecon Group from C$49.00 to C$59.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Aecon Group currently has a consensus rating of "Hold" and a consensus target price of C$52.29.
Read Our Latest Stock Analysis on ARE
About Aecon Group
(
Get Free Report)
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
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