Brokers Set Expectations for Aecon Group FY2025 Earnings

Aecon Group Inc. (TSE:ARE - Free Report) - Investment analysts at Stifel Canada lowered their FY2025 earnings estimates for shares of Aecon Group in a research report issued on Wednesday, April 16th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.68 for the year, down from their previous estimate of $0.78. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Aecon Group's current full-year earnings is $1.38 per share.

Several other equities research analysts also recently issued reports on ARE. Raymond James raised Aecon Group from a "market perform" rating to an "outperform" rating and set a C$23.00 price target for the company in a report on Tuesday. BMO Capital Markets lowered their price target on shares of Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. Stifel Nicolaus decreased their target price on Aecon Group from C$19.00 to C$16.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. TD Securities lowered their target price on Aecon Group from C$35.00 to C$30.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, CIBC boosted their price target on Aecon Group from C$30.00 to C$31.00 in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$25.07.

Aecon Group Stock Performance

Shares of ARE traded up C$0.49 during mid-day trading on Friday, reaching C$17.56. The company's stock had a trading volume of 169,297 shares, compared to its average volume of 468,597. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. The business has a 50-day simple moving average of C$18.94 and a two-hundred day simple moving average of C$23.41. The stock has a market cap of C$1.11 billion, a P/E ratio of -17.27, a PEG ratio of 18.18 and a beta of 1.13.

Insider Buying and Selling at Aecon Group

In other news, Director Stuart Lee bought 5,700 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average price of C$18.35 per share, with a total value of C$104,595.00. Corporate insiders own 0.82% of the company's stock.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.76 annualized dividend and a yield of 4.33%. Aecon Group's dividend payout ratio is presently -74.76%.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.