Atb Cap Markets Raises Earnings Estimates for Aecon Group

Aecon Group Inc. (TSE:ARE) – Equities researchers at Atb Cap Markets increased their FY2024 earnings estimates for Aecon Group in a note issued to investors on Sunday, November 3rd. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of ($0.74) for the year, up from their prior estimate of ($1.17). The consensus estimate for Aecon Group’s current full-year earnings is $1.38 per share. Atb Cap Markets also issued estimates for Aecon Group’s Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $0.71 EPS, FY2025 earnings at $1.48 EPS, Q1 2026 earnings at ($0.06) EPS and FY2026 earnings at $2.92 EPS.

Other analysts have also recently issued reports about the company. TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$23.00 to C$35.00 in a research report on Monday. Canaccord Genuity Group lifted their price objective on Aecon Group from C$28.00 to C$33.00 in a report on Monday. Raymond James increased their price target on shares of Aecon Group from C$24.00 to C$28.00 in a report on Tuesday. Stifel Nicolaus boosted their target price on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Finally, National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$20.50 in a research note on Monday, July 29th. Four equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.94.

Aecon Group Trading Up 0.8 %

TSE ARE opened at C$29.07 on Wednesday. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. Aecon Group has a 12 month low of C$10.30 and a 12 month high of C$29.50. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -107.67, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The firm’s fifty day moving average price is C$21.48 and its 200 day moving average price is C$18.19.

Aecon Group Announces Dividend

The company 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 2.61%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) 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.