Stifel Canada Reduces Earnings Estimates for Aecon Group

Aecon Group Inc. (TSE:ARE - Free Report) - Research analysts at Stifel Canada dropped their FY2025 earnings per share estimates for Aecon Group in a research report issued on Tuesday, July 15th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings of $0.37 per share for the year, down from their previous estimate of $0.48. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share.

Other analysts have also recently issued research reports about the company. CIBC lowered their price target on Aecon Group from C$31.00 to C$24.00 in a report on Friday, April 25th. Royal Bank Of Canada lowered their price target on Aecon Group from C$18.00 to C$17.00 in a report on Friday, April 25th. National Bank Financial cut Aecon Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. BMO Capital Markets lowered their price target on Aecon Group from C$20.00 to C$19.00 in a report on Friday, April 25th. Finally, Stifel Nicolaus lowered their price target on Aecon Group from C$16.00 to C$14.00 in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$22.90.

Aecon Group Stock Performance

Shares of ARE stock traded down C$0.20 on Thursday, hitting C$20.02. 180,933 shares of the stock were exchanged, compared to its average volume of 419,358. The firm's 50 day moving average is C$19.63 and its two-hundred day moving average is C$20.22. The firm has a market capitalization of C$1.27 billion, a PE ratio of -19.69, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70.

Insider Transactions at Aecon Group

In other news, Director Deborah Susan Stein acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average price of C$18.90 per share, with a total value of C$94,500.00. Also, Director Scott William Thon acquired 10,500 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of C$19.21 per share, with a total value of C$201,705.00. Insiders acquired 21,825 shares of company stock worth $419,159 over the last quarter. 0.82% of the stock is currently owned by insiders.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Monday, June 23rd. Aecon Group's dividend payout ratio is currently -74.76%.

About Aecon Group

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.