Raymond James Financial Has Weak Outlook for NOA Q2 Earnings

North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA - Equities researchers at Raymond James Financial dropped their Q2 2025 earnings per share estimates for shares of North American Construction Group in a research report issued to clients and investors on Thursday, July 17th. Raymond James Financial analyst F. Bastien now anticipates that the oil and gas company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.50. Raymond James Financial currently has a "Moderate Buy" rating on the stock. The consensus estimate for North American Construction Group's current full-year earnings is $2.56 per share. Raymond James Financial also issued estimates for North American Construction Group's Q3 2025 earnings at $1.04 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $2.49 EPS.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group cut North American Construction Group from a "buy" rating to a "hold" rating in a research note on Friday, July 11th. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

North American Construction Group Stock Up 0.4%

NYSE NOA opened at $15.29 on Monday. The stock has a fifty day moving average of $16.88 and a 200-day moving average of $17.20. The stock has a market capitalization of $461.85 million, a P/E ratio of 15.14 and a beta of 1.24. North American Construction Group has a 52 week low of $13.19 and a 52 week high of $22.08. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOA. Public Employees Retirement System of Ohio lifted its holdings in North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company's stock worth $165,000 after acquiring an additional 1,474 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after acquiring an additional 5,884 shares during the last quarter. Tranquility Partners LLC increased its position in shares of North American Construction Group by 4.4% in the first quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after acquiring an additional 658 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of North American Construction Group in the fourth quarter valued at about $269,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of North American Construction Group in the fourth quarter valued at about $295,000. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, June 4th were given a $0.086 dividend. This is a positive change from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is currently 34.65%.

North American Construction Group Company Profile

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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