Aecon Group FY2024 EPS Increased by National Bank Financial

Aecon Group Inc. (TSE:ARE) – Investment analysts at National Bank Financial upped their FY2024 earnings per share estimates for Aecon Group in a note issued to investors on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of ($0.74) for the year, up from their prior forecast of ($0.77). National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. National Bank Financial also issued estimates for Aecon Group’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.39 EPS and FY2026 earnings at $1.73 EPS.

Several other research analysts have also recently weighed in on the company. CIBC upped their price objective on Aecon Group from C$25.00 to C$29.00 in a research report on Monday, November 4th. Canaccord Genuity Group upped their price target on Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Raymond James lifted their price objective on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday, November 5th. ATB Capital raised their price objective on Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and lifted their target price for the company from C$23.00 to C$35.00 in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$26.98.

Aecon Group Stock Down 0.2 %

Aecon Group stock opened at C$28.04 on Friday. The company has a 50 day moving average of C$25.48 and a 200-day moving average of C$19.89. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a twelve month low of C$11.50 and a twelve month high of C$29.70. The stock has a market capitalization of C$1.75 billion, a PE ratio of -103.85, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

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 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Friday, September 20th. Aecon Group’s dividend payout ratio is presently -281.48%.

About Aecon Group

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.