Aecom Technology Corp. (NYSE:ACM) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $2.70-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.22.
Several brokerages have recently weighed in on ACM. Zacks Investment Research raised shares of Aecom Technology Corp. from a strong sell rating to a hold rating in a research note on Monday, October 17th. Standpoint Research reissued a buy rating on shares of Aecom Technology Corp. in a research note on Wednesday, July 27th. Citigroup Inc. reissued a buy rating and issued a $43.00 target price on shares of Aecom Technology Corp. in a research note on Friday, September 30th. TheStreet downgraded shares of Aecom Technology Corp. from a buy rating to a hold rating in a research note on Monday, October 24th. Finally, Deutsche Bank AG reduced their target price on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a buy rating on the stock in a research note on Monday, August 22nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $36.00.
Aecom Technology Corp. (NYSE:ACM) opened at 32.22 on Monday. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $36.20. The firm’s 50-day moving average is $28.45 and its 200 day moving average is $31.35. The company has a market capitalization of $4.95 billion, a PE ratio of 56.33 and a beta of 1.80.
Aecom Technology Corp. (NYSE:ACM) last announced its earnings results on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the firm earned $0.95 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts expect that Aecom Technology Corp. will post $3.09 EPS for the current fiscal year.
In other news, insider Frederick W. Werner sold 27,787 shares of Aecom Technology Corp. stock in a transaction on Friday, September 16th. The stock was sold at an average price of $27.83, for a total transaction of $773,312.21. Following the transaction, the insider now owns 62,936 shares in the company, valued at approximately $1,751,508.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.14% of the company’s stock.
A hedge fund recently raised its stake in Aecom Technology Corp. stock. Comerica Bank increased its stake in Aecom Technology Corp. (NYSE:ACM) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,973 shares of the company’s stock after buying an additional 3,531 shares during the period. Comerica Bank owned about 0.07% of Aecom Technology Corp. worth $3,783,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
About Aecom Technology Corp.