AECOM (ACM) Issues FY18 Earnings Guidance

Cornelia Mascio
Novembre 15, 2017

(NYSE:ACM) last issued its quarterly earnings data on Tuesday, August 9th.

October 27 investment analysts at Citigroup held the company rating at "Buy" projecting a price of $4.00. AECOM had a net margin of 1.46% and a return on equity of 12.19%. The firm's revenue was up 12.3% compared to the same quarter past year. On average, analysts forecast that Aecom Technology Corp. will post $3.09 EPS for the current fiscal year. With the recent EPS being $1.661, expected growth will push the upcoming EPS to $2.216.

Shares of AECOM (NYSE:ACM) traded down $0.04 on Monday, reaching $35.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 1.22. Aecom Technology Corp's P/E ratio is 16.21 and the market cap is 5.41B. AECOM has a 52 week low of $30.15 and a 52 week high of $40.72. Also, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $36.86, for a total transaction of $2,093,648.00.

In other AECOM news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction on Wednesday, September 27th. As of the end of the quarter Ubs Asset Management Americas Inc had acquired a total of 1,746 shares growing its stake by 2,182.5%. Following the transaction, the chief executive officer now directly owns 154,362 shares in the company, valued at approximately $5,711,394. The disclosure for this sale can be found here. Company insiders own 1.14% of the company's stock.

Dimensional Fund Advisors Lp raised its position in Aecom Technology Corp by 24,471 shares as reported in a filing on 11/14/2017.

On September 22 Robert W. Baird kept the stock rating at "Neutral" projecting a price of $38.00. KeyCorp reaffirmed a buy rating on shares of AECOM in a research note on Friday, September 22nd. Zacks Investment Research upgraded shares of AECOM from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 19th. Finally, Credit Suisse Group AG reiterated a "hold" rating and issued a $37.00 price target on shares of AECOM in a report on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company.

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AECOM declared that its board has authorized a share buyback plan on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 18.3% of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued. As of the latest earnings report the EPS was $2.13 with 156.71M shares now outstanding. 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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