North American Construction Group (NYSE:NOA) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• North American Construction Group reported quarterly EPS of $0.22, missing the $0.23 consensus estimate by $0.01. The company posted a 4.45% return on equity and a 2.64% net margin.
• NOA shares traded at $15.32, near the middle of their 52-week range of $12.07 to $17.26, with a market capitalization of approximately $427 million.
• Analyst sentiment is cautious: the stock has a consensus “Hold” rating from eight analysts and an average price target of $25.75, while institutional investors own 74.99% of outstanding shares.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. North American Construction Group had a return on equity of 4.45% and a net margin of 2.64%.

North American Construction Group Price Performance

Shares of NOA stock traded up $0.01 during trading hours on Wednesday, hitting $15.32. 115,276 shares of the company's stock were exchanged, compared to its average volume of 116,274. North American Construction Group has a 52 week low of $12.07 and a 52 week high of $17.26. The stock has a market cap of $427.05 million, a price-to-earnings ratio of 19.39 and a beta of 1.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90. The stock's 50-day moving average is $13.63 and its 200-day moving average is $14.41.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research downgraded North American Construction Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 9th. BMO Capital Markets reissued a "market perform" rating on shares of North American Construction Group in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of North American Construction Group in a report on Thursday, July 9th. Weiss Ratings restated a "hold (c-)" rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Finally, ATB Cormark Capital Markets lowered North American Construction Group from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, North American Construction Group presently has a consensus rating of "Hold" and an average target price of $25.75.

Institutional Investors Weigh In On North American Construction Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC grew its holdings in shares of North American Construction Group by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company's stock valued at $1,058,000 after buying an additional 955 shares during the period. TD Asset Management Inc raised its stake in North American Construction Group by 3.5% during the 4th quarter. TD Asset Management Inc now owns 34,555 shares of the oil and gas company's stock worth $498,000 after buying an additional 1,178 shares during the period. Boothbay Fund Management LLC raised its stake in North American Construction Group by 16.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company's stock worth $237,000 after buying an additional 2,339 shares during the period. Lazard Asset Management LLC lifted its holdings in North American Construction Group by 29.9% during the fourth quarter. Lazard Asset Management LLC now owns 16,170 shares of the oil and gas company's stock worth $232,000 after acquiring an additional 3,718 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in North American Construction Group by 51.4% during the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company's stock worth $344,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

North American Construction Group Company Profile

North American Construction Group Ltd NYSE: NOA is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.

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