Brokerages expect that Aegion Corp (NASDAQ:AEGN) will report $315.80 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Aegion’s earnings, with the lowest sales estimate coming in at $315.00 million and the highest estimate coming in at $316.60 million. Aegion reported sales of $335.03 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The business is expected to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Aegion will report full-year sales of $1.24 billion for the current year, with estimates ranging from $1.24 billion to $1.25 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.28 billion, with estimates ranging from $1.27 billion to $1.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Aegion.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). Aegion had a return on equity of 7.76% and a net margin of 0.08%. The business had revenue of $276.90 million for the quarter, compared to the consensus estimate of $303.85 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was down 14.8% compared to the same quarter last year.
AEGN has been the topic of a number of research reports. ValuEngine lowered shares of Aegion from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. BidaskClub downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Maxim Group restated a “hold” rating and issued a $17.00 price target on shares of Aegion in a research report on Tuesday, April 16th. Finally, Zacks Investment Research downgraded shares of Aegion from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $22.50.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC lifted its position in shares of Aegion by 207.0% during the 1st quarter. Quantamental Technologies LLC now owns 2,109 shares of the construction company’s stock valued at $37,000 after acquiring an additional 1,422 shares during the period. Bank of Montreal Can lifted its position in shares of Aegion by 14.0% during the 4th quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock valued at $88,000 after acquiring an additional 668 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Aegion by 78.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock valued at $109,000 after acquiring an additional 2,875 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Aegion by 153.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,413 shares of the construction company’s stock valued at $130,000 after acquiring an additional 4,490 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Aegion during the 4th quarter valued at $150,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.
AEGN traded up $0.49 during trading on Thursday, reaching $17.77. 115,600 shares of the company’s stock were exchanged, compared to its average volume of 149,581. Aegion has a one year low of $14.12 and a one year high of $26.80. The company has a quick ratio of 1.83, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $532.82 million, a PE ratio of 14.93, a PEG ratio of 1.45 and a beta of 2.04. The stock has a fifty day moving average price of $15.59.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
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