Desjardins Brokers Lower Earnings Estimates for Aecon Group

Aecon Group Inc. (TSE:ARE) – Analysts at Desjardins cut their FY2026 earnings per share (EPS) estimates for Aecon Group in a research note issued on Sunday, November 3rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $2.31 per share for the year, down from their prior forecast of $2.46. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada increased their price objective on Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. ATB Capital upped their target price on Aecon Group from C$21.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Raymond James raised their price target on Aecon Group from C$24.00 to C$28.00 in a research note on Tuesday. BMO Capital Markets upped their price objective on Aecon Group from C$16.50 to C$27.00 in a research note on Monday. Finally, CIBC raised their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research note on Monday. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Aecon Group currently has an average rating of “Moderate Buy” and a consensus price target of C$25.94.

Aecon Group Trading Up 0.9 %

TSE:ARE opened at C$28.85 on Tuesday. The stock has a market capitalization of C$1.80 billion, a PE ratio of -106.85, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. Aecon Group has a fifty-two week low of C$10.30 and a fifty-two week high of C$29.16. 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 business’s 50-day simple moving average is C$21.26 and its 200-day simple moving average is C$18.11.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Friday, September 20th. Aecon Group’s payout ratio is currently -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.