AECOM (NYSE:ACM) Releases FY 2024 Earnings Guidance

AECOM (NYSE:ACM - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 4.350-4.550 for the period, compared to the consensus earnings per share estimate of 4.480. The company issued revenue guidance of -. AECOM also updated its FY24 guidance to $4.35-4.55 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on ACM shares. Truist Financial assumed coverage on shares of AECOM in a research report on Thursday, March 14th. They set a buy rating and a $106.00 target price on the stock. Citigroup boosted their target price on AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Barclays lifted their price target on AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. TheStreet raised shares of AECOM from a c+ rating to a b rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $109.00 target price on shares of AECOM in a research note on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of Buy and a consensus target price of $105.43.

AECOM Trading Up 1.6 %

Shares of ACM stock traded up $1.52 during trading hours on Monday, hitting $96.24. 981,521 shares of the company were exchanged, compared to its average volume of 725,031. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The firm has a fifty day moving average of $93.82 and a 200 day moving average of $89.67. The firm has a market cap of $13.09 billion, a PE ratio of 213.87, a PEG ratio of 1.41 and a beta of 1.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, hitting analysts' consensus estimates of $1.04. AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm posted $0.92 EPS. The business's revenue for the quarter was up 13.0% on a year-over-year basis. Analysts expect that AECOM will post 4.43 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.88 annualized dividend and a yield of 0.91%. AECOM's dividend payout ratio is currently 195.56%.

AECOM Company Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.