Analysts Expect North American Construction Group Ltd (NYSE:NOA) Will Announce Quarterly Sales of $73.84 Million

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Brokerages forecast that North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) will announce $73.84 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for North American Construction Group’s earnings. The lowest sales estimate is $67.71 million and the highest is $79.97 million. North American Construction Group reported sales of $126.01 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 41.4%. The company is expected to issue its next quarterly earnings report on Tuesday, November 3rd.

According to Zacks, analysts expect that North American Construction Group will report full year sales of $379.87 million for the current year, with estimates ranging from $362.82 million to $392.20 million. For the next fiscal year, analysts anticipate that the company will post sales of $490.27 million, with estimates ranging from $470.64 million to $510.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover North American Construction Group.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Wednesday, July 29th. The oil and gas company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The company had revenue of $51.06 million for the quarter, compared to analysts’ expectations of $92.23 million. North American Construction Group had a net margin of 7.63% and a return on equity of 26.47%.

A number of equities analysts recently commented on the stock. reiterated a “sell” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. TD Securities cut shares of North American Construction Group from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Monday, August 17th. Raymond James boosted their price objective on shares of North American Construction Group from $8.00 to $9.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Zacks Investment Research upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Tuesday, August 4th. Finally, Pi Financial restated a “buy” rating and issued a $17.00 price objective on shares of North American Construction Group in a research report on Monday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.20.

Institutional investors and hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. increased its holdings in North American Construction Group by 65.9% during the first quarter. Polar Asset Management Partners Inc. now owns 2,686,643 shares of the oil and gas company’s stock valued at $13,648,000 after buying an additional 1,067,465 shares during the last quarter. CLARET ASSET MANAGEMENT Corp boosted its stake in North American Construction Group by 13.7% in the 2nd quarter. CLARET ASSET MANAGEMENT Corp now owns 2,469,925 shares of the oil and gas company’s stock worth $15,478,000 after purchasing an additional 296,736 shares in the last quarter. CIBC Asset Management Inc boosted its stake in North American Construction Group by 41.5% in the 2nd quarter. CIBC Asset Management Inc now owns 745,455 shares of the oil and gas company’s stock worth $4,658,000 after purchasing an additional 218,727 shares in the last quarter. Invesco Ltd. boosted its stake in North American Construction Group by 25.8% in the 1st quarter. Invesco Ltd. now owns 678,783 shares of the oil and gas company’s stock worth $3,448,000 after purchasing an additional 139,119 shares in the last quarter. Finally, Cumberland Partners Ltd raised its position in North American Construction Group by 1.3% during the 2nd quarter. Cumberland Partners Ltd now owns 562,600 shares of the oil and gas company’s stock worth $3,515,000 after buying an additional 7,400 shares during the last quarter. 46.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NOA traded up $0.01 during trading hours on Tuesday, reaching $6.98. The company’s stock had a trading volume of 92,100 shares, compared to its average volume of 107,263. The firm has a market capitalization of $216.25 million, a price-to-earnings ratio of 5.77 and a beta of 1.31. The firm has a 50-day simple moving average of $6.74 and a 200-day simple moving average of $6.47. North American Construction Group has a 1 year low of $4.11 and a 1 year high of $13.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.75 and a current ratio of 0.96.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Monday, August 31st will be paid a dividend of $0.03 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.72%. North American Construction Group’s payout ratio is presently 10.62%.

North American Construction Group Company Profile

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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