Wall Street brokerages expect Aegion Corp (NASDAQ:AEGN) to report sales of $300.10 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Aegion’s earnings, with the highest sales estimate coming in at $305.20 million and the lowest estimate coming in at $295.00 million. Aegion reported sales of $324.86 million during the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 1st.
According to Zacks, analysts expect that Aegion will report full-year sales of $1.29 billion for the current fiscal year. For the next financial year, analysts forecast that the business will post sales of $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Aegion.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $334.00 million during the quarter, compared to the consensus estimate of $311.00 million. Aegion had a return on equity of 8.05% and a net margin of 0.22%.
In related news, SVP Stephen P. Callahan sold 3,419 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total transaction of $71,799.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Aegion by 8.5% during the fourth quarter. BlackRock Inc. now owns 5,028,912 shares of the construction company’s stock worth $82,074,000 after acquiring an additional 395,682 shares in the last quarter. Vanguard Group Inc raised its holdings in Aegion by 2.5% during the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after acquiring an additional 75,215 shares in the last quarter. Vanguard Group Inc. raised its holdings in Aegion by 2.5% during the third quarter. Vanguard Group Inc. now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after acquiring an additional 75,215 shares in the last quarter. Boston Partners raised its holdings in Aegion by 7.9% during the fourth quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock worth $19,428,000 after acquiring an additional 87,555 shares in the last quarter. Finally, Norges Bank bought a new stake in Aegion during the fourth quarter worth about $9,459,000. Institutional investors and hedge funds own 97.37% of the company’s stock.
NASDAQ:AEGN traded up $0.15 on Friday, reaching $19.57. The company’s stock had a trading volume of 6,274 shares, compared to its average volume of 155,819. Aegion has a 1-year low of $15.12 and a 1-year high of $26.80. The company has a current ratio of 2.19, a quick ratio of 1.94 and a debt-to-equity ratio of 0.60. The stock has a market cap of $620.40 million, a price-to-earnings ratio of 16.38, a PEG ratio of 1.56 and a beta of 1.83.
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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