Analysts Set Expectations for Aecon Group FY2025 Earnings

Aecon Group Inc. (TSE:ARE) – Equities research analysts at Raymond James decreased their FY2025 earnings estimates for Aecon Group in a research report issued on Monday, November 4th. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $1.50 per share for the year, down from their prior forecast of $1.70. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share.

A number of other equities research analysts have also issued reports on ARE. BMO Capital Markets boosted their price target on shares of Aecon Group from C$16.50 to C$27.00 in a report on Monday. CIBC boosted their price objective on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday. ATB Capital boosted their price objective on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. TD Securities raised shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$23.00 to C$35.00 in a research report on Monday. Finally, National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$20.50 in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.94.

Aecon Group Stock Up 0.0 %

ARE stock opened at C$28.60 on Tuesday. Aecon Group has a 52-week low of C$10.30 and a 52-week high of C$28.79. The company’s 50 day simple moving average is C$21.05 and its 200-day simple moving average is C$18.03. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The firm has a market capitalization of C$1.79 billion, a P/E ratio of -105.93, a P/E/G ratio of 18.18 and a beta of 1.13.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Timothy John Murphy bought 4,244 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of C$17.66 per share, with a total value of C$74,969.84. Insiders own 0.82% of the company’s stock.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio is -281.48%.

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.