Raymond James Financial Comments on Aecon Group Q2 Earnings

Key Points

• Raymond James Financial raised Aecon Group's Q2 2026 EPS estimate from $0.22 to $0.34, indicating a positive outlook for the company's performance.
• Aecon Group's stock has seen a 3.7% increase, with a current consensus rating of "Buy" and a price target of C$22.70.
• The company declared a quarterly dividend of $0.19, which corresponds to an annual yield of 3.8% amid a dividend payout ratio of -74.76%.

Aecon Group Inc. (TSE:ARE - Free Report) - Investment analysts at Raymond James Financial boosted their Q2 2026 earnings estimates for shares of Aecon Group in a research report issued to clients and investors on Tuesday, August 5th. Raymond James Financial analyst F. Bastien now forecasts that the company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share.

Several other equities research analysts have also issued reports on the stock. ATB Capital lowered their price target on shares of Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a report on Tuesday. Stifel Nicolaus lowered their price target on shares of Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. Stifel Canada upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. TD Securities increased their target price on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, CIBC dropped their target price on shares of Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$22.70.

Aecon Group Stock Performance

Aecon Group stock traded up C$0.15 on Thursday, hitting C$20.25. The company's stock had a trading volume of 284,424 shares, compared to its average volume of 416,599. The firm has a market cap of C$1.28 billion, a P/E ratio of -19.92, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The company has a fifty day moving average price of C$19.77 and a 200-day moving average price of C$19.71. Aecon Group has a one year low of C$15.21 and a one year high of C$29.70.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.8%. Aecon Group's dividend payout ratio is currently -74.76%.

Insiders Place Their Bets

In other Aecon Group news, Director Scott William Thon bought 10,500 shares of Aecon Group stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average price of C$19.21 per share, with a total value of C$201,705.00. Also, Director Leslie Compton Kass bought 6,325 shares of Aecon Group stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of C$19.44 per share, for a total transaction of C$122,953.83. Insiders have purchased a total of 21,825 shares of company stock valued at $419,159 in the last 90 days. 0.82% of the stock is currently owned by insiders.

Aecon Group Company Profile

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.