North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.120-3.490 for the period, compared to the consensus EPS estimate of 3.290. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.0 billion.
North American Construction Group Stock Down 2.3 %
NYSE NOA traded down $0.49 during trading hours on Thursday, reaching $20.63. 128,443 shares of the company's stock were exchanged, compared to its average volume of 66,592. The company's 50-day moving average is $22.98 and its two-hundred day moving average is $21.89. North American Construction Group has a one year low of $18.02 and a one year high of $26.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 0.91. The company has a market capitalization of $551.65 million, a price-to-earnings ratio of 13.54 and a beta of 1.52.
North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last posted its earnings results on Wednesday, May 1st. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). North American Construction Group had a return on equity of 22.18% and a net margin of 6.60%. The business had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. During the same period in the previous year, the company posted $0.71 earnings per share. On average, analysts forecast that North American Construction Group will post 2.84 EPS for the current fiscal year.
North American Construction Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were given a dividend of $0.074 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.43%. This is an increase from North American Construction Group's previous quarterly dividend of $0.07. North American Construction Group's dividend payout ratio is 18.59%.
Analyst Ratings Changes
A number of equities analysts have weighed in on NOA shares. StockNews.com raised North American Construction Group from a hold rating to a buy rating in a research report on Monday, March 11th. TD Cowen raised North American Construction Group from a hold rating to a buy rating in a research report on Thursday, April 18th.
View Our Latest Analysis on NOA
About North American Construction Group
(
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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.
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