Raymond James Has Pessimistic Outlook of TSE:NOA Q1 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – Investment analysts at Raymond James reduced their Q1 2025 EPS estimates for North American Construction Group in a research report issued to clients and investors on Friday, December 6th. Raymond James analyst F. Bastien now forecasts that the company will earn $1.07 per share for the quarter, down from their previous forecast of $1.22. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share.

Several other research firms have also weighed in on NOA. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. National Bankshares raised their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. ATB Capital cut their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Finally, Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Buy” and an average price target of C$37.63.

North American Construction Group Stock Up 1.3 %

Shares of TSE NOA opened at C$29.77 on Monday. The firm has a market cap of C$795.75 million, a price-to-earnings ratio of 16.27, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The stock’s 50-day simple moving average is C$26.67 and its 200-day simple moving average is C$26.52. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio is currently 21.86%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. Insiders own 8.93% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.