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.

Earnings History and Estimates for Aecom Technology Corp. (NYSE:ACM)

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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.

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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

AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.

5 Day Chart for NYSE:ACM

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