National Bank Financial Forecasts TSE:NOA FY2024 Earnings

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) – Equities research analysts at National Bank Financial cut their FY2024 EPS estimates for North American Construction Group in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $3.59 per share for the year, down from their prior estimate of $3.79. The consensus estimate for North American Construction Group’s current full-year earnings is $4.06 per share. National Bank Financial also issued estimates for North American Construction Group’s Q4 2024 earnings at $1.00 EPS and FY2025 earnings at $3.90 EPS.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its earnings results on Wednesday, October 30th. The company reported C$1.12 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.02. The company had revenue of C$286.86 million for the quarter, compared to analyst estimates of C$294.95 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. During the same quarter in the prior year, the company earned $0.50 EPS.

Other research analysts also recently issued research reports about the stock. National Bankshares boosted their target price 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 report on Friday, November 1st. Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a research note on Tuesday, January 21st. Finally, ATB Capital reduced their price objective on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$37.63.

North American Construction Group Price Performance

North American Construction Group stock opened at C$28.61 on Monday. The stock has a market capitalization of C$764.75 million, a price-to-earnings ratio of 15.63, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87. 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 moving average price is C$29.47 and its two-hundred day moving average price is C$27.12.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.12 per share. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.68%. North American Construction Group’s payout ratio is presently 21.86%.

Insider Buying and Selling

In other news, Director Martin Robert Ferron purchased 2,900 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of C$27.68 per share, with a total value of C$80,272.00. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Company Profile

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.