AECOM (ACM) To Go Ex-Dividend on January 2nd

AECOM (NYSE:ACM) announced a quarterly dividend on Monday, November 18th,RTT News reports. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.26 per share by the construction company on Friday, January 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22.

AECOM has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 18.4%.

AECOM Price Performance

ACM stock opened at $107.05 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $110.56 and a 200-day moving average price of $100.57. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.92 and a beta of 1.17.

AECOM (NYSE:ACM) last released its earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. Equities research analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACM has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. The Goldman Sachs Group initiated coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. Finally, Citigroup boosted their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $119.38.

Insider Activity at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by insiders.

AECOM announced that its Board of Directors has approved a share repurchase program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.