Analysts expect that Aegion Corp (NASDAQ:AEGN) will report $315.80 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Aegion’s earnings, with the highest sales estimate coming in at $316.60 million and the lowest estimate coming in at $315.00 million. Aegion posted 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 company is scheduled to report its next earnings report on Wednesday, August 7th.
On average, analysts expect that Aegion will report full-year sales of $1.24 billion for the current financial year, with estimates ranging from $1.24 billion to $1.25 billion. For the next fiscal year, analysts forecast 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 research firms that follow Aegion.
Aegion (NASDAQ:AEGN) last released its earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Aegion had a net margin of 0.08% and a return on equity of 7.76%. The firm had revenue of $276.90 million for the quarter, compared to analysts’ expectations of $303.85 million. During the same quarter last year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC acquired a new position in Aegion during the 1st quarter worth approximately $995,000. Laurion Capital Management LP acquired a new position in Aegion during the 1st quarter worth approximately $218,000. South Dakota Investment Council grew its holdings in Aegion by 85.7% during the 1st quarter. South Dakota Investment Council now owns 23,210 shares of the construction company’s stock worth $408,000 after acquiring an additional 10,710 shares in the last quarter. Boston Partners grew its holdings in Aegion by 2.3% during the 1st quarter. Boston Partners now owns 1,218,341 shares of the construction company’s stock worth $21,406,000 after acquiring an additional 27,909 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Aegion by 1.3% during the 1st quarter. Rhumbline Advisers now owns 96,994 shares of the construction company’s stock worth $1,704,000 after acquiring an additional 1,276 shares in the last quarter. 95.34% of the stock is owned by institutional investors.
Shares of AEGN traded up $0.30 during trading hours on Thursday, reaching $17.00. 163,800 shares of the stock traded hands, compared to its average volume of 150,431. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.09. Aegion has a 52-week low of $14.12 and a 52-week high of $26.80. The company’s 50-day simple moving average is $15.58. The company has a market capitalization of $523.38 million, a P/E ratio of 14.29, a P/E/G ratio of 1.42 and a beta of 2.04.
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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