Aecon Group (ARE) Scheduled to Post Earnings on Wednesday

Aecon Group (TSE:ARE - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C($0.16) per share for the quarter.

Aecon Group (TSE:ARE - Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported C$0.15 earnings per share for the quarter, missing analysts' consensus estimates of C$0.17 by C($0.02). The firm had revenue of C$1.13 billion for the quarter, compared to analyst estimates of C$1.22 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%.

Aecon Group Stock Up 0.2 %

ARE traded up C$0.04 during trading on Wednesday, reaching C$16.61. 174,914 shares of the stock were exchanged, compared to its average volume of 329,603. The stock has a market cap of C$1.03 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40. The stock's 50 day moving average price is C$15.76 and its two-hundred day moving average price is C$13.31. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42.

Aecon Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were issued a $0.19 dividend. This is an increase from Aecon Group's previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Thursday, March 21st. Aecon Group's payout ratio is currently 36.19%.

Analysts Set New Price Targets

ARE has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Aecon Group from C$13.00 to C$16.50 and gave the company a "hold" rating in a report on Thursday, March 7th. ATB Capital upped their price target on shares of Aecon Group from C$15.25 to C$19.50 and gave the company an "outperform" rating in a research note on Thursday, March 7th. CIBC upped their price target on shares of Aecon Group from C$18.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Canaccord Genuity Group upped their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Finally, TD Securities upped their price target on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a "hold" rating in a research note on Friday, March 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$18.09.

Insider Buying and Selling

In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of C$13.07 per share, for a total transaction of C$55,299.17. Also, Director Stuart Lee bought 7,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is owned by corporate insiders.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.