Trading Report: Today, Q1 2017 Earnings Forecast for Aecom Technology Corp. Issued By DA Davidson (ACM)

Today, Q1 2017 Earnings Forecast for Aecom Technology Corp. Issued By DA Davidson (ACM)

Aecom Technology Corp. (NYSE:ACM) – Investment analysts at DA Davidson reduced their Q1 2017 earnings per share (EPS) estimates for Aecom Technology Corp. in a research note issued on Wednesday. DA Davidson analyst J. Rogers now anticipates that the firm will post earnings of $0.49 per share for the quarter, down from their prior forecast of $0.54. DA Davidson currently has a “Hold” rating and a $40.00 target price on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q2 2017 earnings at $0.68 EPS and Q4 2017 earnings at $0.69 EPS.

Other equities analysts have also issued reports about the stock. Argus upgraded shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Tuesday, November 15th. Deutsche Bank AG lowered their price objective on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, August 22nd. Citigroup Inc. reiterated a “buy” rating on shares of Aecom Technology Corp. in a research report on Friday, August 19th. TheStreet upgraded shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Finally, Zacks Investment Research upgraded shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Aecom Technology Corp. currently has a consensus rating of “Buy” and a consensus price target of $37.20.

Shares of Aecom Technology Corp. (NYSE:ACM) opened at 36.97 on Monday. The company has a 50 day moving average of $30.71 and a 200-day moving average of $31.69. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $37.97. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 59.63 and a beta of 1.80.

Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.92%. The firm earned $4.32 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACM. Reilly Financial Advisors LLC purchased a new position in shares of Aecom Technology Corp. during the second quarter valued at $114,000. Daiwa Securities Group Inc. purchased a new position in shares of Aecom Technology Corp. during the second quarter valued at $127,000. FCA Corp TX increased its position in shares of Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock valued at $270,000 after buying an additional 1,500 shares during the last quarter. Front Street Capital Management Inc. purchased a new position in shares of Aecom Technology Corp. during the second quarter valued at $299,000. Finally, LS Investment Advisors LLC increased its position in shares of Aecom Technology Corp. by 5.8% in the third quarter. LS Investment Advisors LLC now owns 10,057 shares of the company’s stock valued at $299,000 after buying an additional 548 shares during the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Michael S. Burke sold 30,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief executive officer now owns 83,602 shares of the company’s stock, valued at approximately $2,926,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick W. Werner sold 27,787 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $27.83, for a total transaction of $773,312.21. Following the completion of the transaction, the insider now directly owns 62,936 shares of the company’s stock, valued at approximately $1,751,508.88. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by corporate insiders.

Aecom Technology Corp. Company Profile

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