North American Construction Group (NYSE:NOA) Posts Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Key Points

• North American Construction Group reported quarterly EPS of $0.15, missing analyst expectations of $0.38 by $0.23.
• Shares fell $0.34 to $11.46 on Wednesday. The company’s quarterly dividend of C$0.12 per share equates to an annualized yield of about 4.2%.
• Analysts’ consensus rating is Hold, with an average price target of $25.75.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA announced its earnings results on Wednesday. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.23), Zacks reports. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%.

North American Construction Group Price Performance

NYSE NOA traded down $0.34 on Wednesday, hitting $11.46. 148,793 shares of the company were exchanged, compared to its average volume of 117,530. North American Construction Group has a 1-year low of $10.85 and a 1-year high of $17.26. The firm has a 50 day moving average of $12.43 and a two-hundred day moving average of $13.93. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. The company has a market cap of $315.63 million, a P/E ratio of 14.51 and a beta of 1.06.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, August 28th were given a dividend of C$0.12 per share. The ex-dividend date was Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 4.2%. North American Construction Group's dividend payout ratio is 43.04%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Zacks Research raised shares of North American Construction Group from a "strong sell" rating to a "hold" rating in a research note on Friday, October 16th. ATB Cormark Capital Markets raised shares of North American Construction Group from a "hold" rating to a "moderate buy" rating in a report on Monday, October 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of North American Construction Group in a research note on Friday, September 4th. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of North American Construction Group in a research note on Thursday, July 9th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of North American Construction Group in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, North American Construction Group presently has a consensus rating of "Hold" and an average target price of $25.75.

About North American Construction Group

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.

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