AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through 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 commercial and government clients. It also invests in and develops real estate projects. In addition, the company provides construction services, including building construction and energy, and infrastructure and industrial construction. It serves transportation, water, government, facilities, environmental, and energy sectors. The company was formerly known as AECOM Technology Corporation and changed its name to AECOM in January 2015. AECOM was incorporated in 1980 and is headquartered Dallas, Texas.
Wall Street Analysts Forecast Growth
ACM has been the topic of several research reports. Royal Bank of Canada assumed coverage on AECOM in a research report on Wednesday, April 27th. They issued an "outperform" rating and a $91.00 target price on the stock. Citigroup reduced their price objective on AECOM from $92.00 to $85.00 in a research note on Friday, July 22nd. StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Robert W. Baird lifted their price target on shares of AECOM from $80.00 to $82.00 in a research report on Wednesday, August 10th. Finally, Credit Suisse Group boosted their price objective on shares of AECOM to $81.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.50.
AECOM Trading Up 0.4 %
ACM opened at $76.89 on Tuesday. The firm's 50 day moving average is $67.54 and its 200-day moving average is $70.90. AECOM has a 52-week low of $60.74 and a 52-week high of $79.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $10.87 billion, a P/E ratio of 36.61, a P/E/G ratio of 1.51 and a beta of 1.40.
AECOM (NYSE:ACM - Get Rating) last released its quarterly earnings results on Monday, August 8th. The construction company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. AECOM had a net margin of 2.30% and a return on equity of 18.25%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm's quarterly revenue was down 4.9% on a year-over-year basis. Analysts expect that AECOM will post 3.45 EPS for the current fiscal year.
AECOM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Wednesday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, July 5th. AECOM's dividend payout ratio is currently 28.57%.