Key Points
- Insider sale: Steven Neil Nackan sold 1,000 Aecon Group shares for C$47,720, reducing his direct holdings by 6.44% to 14,535 shares.
- Financial performance: Aecon reported quarterly EPS of C$0.33 and revenue of C$1.63 billion, but posted a negative net margin of 1.10% and negative return on equity of 6.76%.
- Analyst outlook: The stock has a consensus “Moderate Buy” rating from analysts, with an average price target of C$55.08 versus its reported opening price of C$46.64.
Aecon Group Inc. (TSE:ARE - Get Free Report) insider Steven Neil Nackan sold 1,000 shares of Aecon Group stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$47.72, for a total value of C$47,720.00. Following the sale, the insider directly owned 14,535 shares of the company's stock, valued at approximately C$693,610.20. The trade was a 6.44% decrease in their position.
Aecon Group Stock Performance
Shares of TSE ARE opened at C$46.64 on Friday. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. Aecon Group Inc. has a one year low of C$19.81 and a one year high of C$57.72. The business's 50-day moving average price is C$47.16 and its two-hundred day moving average price is C$44.01. The company has a market capitalization of C$3.20 billion, a P/E ratio of -49.09, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41.
Aecon Group (TSE:ARE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. 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 announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were paid a $0.1925 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. Aecon Group's payout ratio is -80.53%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Desjardins increased their price target on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a "market perform" rating in a research note on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Aecon Group from C$44.00 to C$49.00 and gave the stock a "sector perform" rating in a report on Thursday, April 30th. Raymond James Financial raised shares of Aecon Group from a "hold" rating to a "moderate buy" rating and increased their target price for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Finally, Stifel Nicolaus upgraded Aecon Group from a "hold" rating to a "buy" rating and raised their target price for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Aecon Group presently has an average rating of "Moderate Buy" and a consensus target price of C$55.08.
Read Our Latest Analysis on ARE
Aecon Group Company Profile
(
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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